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Preferred stock of Fake Company Blue carries a dividend of $1.19 and analysts estimate the required return to shareholders at 4.7%. It has a current

Preferred stock of Fake Company Blue carries a dividend of $1.19 and analysts estimate the required return to shareholders at 4.7%. It has a current price of $31.69. How far off, in dollars, is the price based on financial theory from the current market price?

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