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Mckerley Corp. has preferred stock outstanding that will pay an annual dividend of $4.45 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 $4.45 per share with the first dividend exactly 13 years from today. If the required return is 3.75 percent, what is the current price of the stock? Multiple Choice O $73.53 O $70.88 o $76.29 O $114.38 o $118.67

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