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Mckerley Corp. has preferred stock outstanding that will pay an annual dividend of $3.55 per share with the first dividend exactly 13 years from today.

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Mckerley Corp. has preferred stock outstanding that will pay an annual dividend of $3.55 per share with the first dividend exactly 13 years from today. If the required return is 3.57 percent, what is the current price of the stock? Multiple Choice $96 01 $65.28 O $99.44 O $60.85 O C $63.03 $63.03

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