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Mckerley Corp. has preferred stock outstanding that will pay an annual dividend of $6.10 per share with the first dividend exactly 12 years from today.

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Mckerley Corp. has preferred stock outstanding that will pay an annual dividend of $6.10 per share with the first dividend exactly 12 years from today. If the required return is 4.08 percent, what is the current price of the stock? Multiple Choice $88.90 $96.30 $149.51 O $143.65 O $92.53

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