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Munya Inc. has issued a preferred stock (a perpetuity) with a discount rate of 6% and an annual dividend of $9. What is the price

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Munya Inc. has issued a preferred stock (a perpetuity) with a discount rate of 6% and an annual dividend of $9. What is the price of the Munya preferred stock, assuming the first dividend is in exactly one year and it is currently callable at $175? $150 O $156 $153 $175

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