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MC algo 7-39 Preferred Stock Pricing Graphical Designs is offering 10-10 preferred stock The stock will pay an annual dividend of 10 with the first

MC algo 7-39 Preferred Stock Pricing Graphical Designs is offering 10-10 preferred stock The stock will pay an annual dividend of 10 with the first dividend payment occurring 10 years from today The required return on this stock 460 percent . What is the price the stock today

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