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Orbit Blue just issued preferred stock (fixed dividend payment with no maturity date) that wil pay $40 in dividends each year but semiannually (that is,

Orbit Blue just issued preferred stock (fixed dividend payment with no maturity date) that wil pay $40 in dividends each year but semiannually (that is, $20 every six months). The current discount rate for Orbit Blue is 6.2%. What should Orbit Blue's preferred stock sell for in the market

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