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MNY Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.74 every year in perpetuity it the required return is

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MNY Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.74 every year in perpetuity it the required return is 4.59 percent, what is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 832.16)

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