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Lori Inc. plans to issue perpetual preferred stock with an annual dividend of $6.50 per share. If the required return on this preferred stock is

Lori Inc. plans to issue perpetual preferred stock with an annual dividend of $6.50 per share. If the required return on this preferred stock is 6.5%, at what price should the stock sell? Select one: O a. $90.37 O b. $100.00 OC. $97.50 d. $95.06 Oe.$92.69

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