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Local Goat Distillery has outstanding $100 par value preferred stock which pays a(n) 8% annual dividend. Calculate the value of one share of this preferred

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Local Goat Distillery has outstanding $100 par value preferred stock which pays a(n) 8% annual dividend. Calculate the value of one share of this preferred stock to an investor who requires a 11,1% rate of return. Enter the value (stock price) to 2 decimals ( xx.xx) do not include a $ sign

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