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Mckerley Corp has preferred stock outstanding that will pay an annual dividend of $5.50 per share with the first dividend exactly 14 years from today.

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Mckerley Corp has preferred stock outstanding that will pay an annual dividend of $5.50 per share with the first dividend exactly 14 years from today. If the required return is 3.96 percent, what is the current price of the stock? Multiple Choice O $138.89 O $33.60 $83.83

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