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Molen Inc has an outstanding issue of preferred stock with an annual dividend of $7.50 per share. If the required return on this preferred stock

Molen Inc has an outstanding issue of preferred stock with an annual dividend of $7.50 per share. If the required return on this preferred stock is 3.5%, at what price should the stock sell? $214.29 $235.49 $103.99 $109.76 $150.34

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