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McKerley Corporation has preferred stock outstanding that will pay an annual dividend of $4.60 per share with the first dividend exactly 14 years from today.
McKerley Corporation has preferred stock outstanding that will pay an annual dividend of $4.60 per share with the first dividend exactly 14 years from today. If the required return is 3.78 percent, what is the current price of the stock?
Group of answer choices
$72.39
$121.69
$117.26
$75.13
$69.75
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