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Local Goat Distillery has outstanding $100 par value preferred stock which pays a(n) 12% annual dividend. Calculate the value of one share of this preferred
Local Goat Distillery has outstanding $100 par value preferred stock which pays a(n) 12% annual dividend. Calculate the value of one share of this preferred stock to an investor who requires a 10.2% rate of return.
Enter the value (stock price) to 2 decimals (xx.xx) do not include a $ sign.
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