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Question 1 Pls Answer Question 1 3 points Save Answer XYZ Life Corp. has issued preferred stock with annual dividend payments of $1.44 per share.

Question 1 Pls Answer

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Question 1 3 points Save Answer XYZ Life Corp. has issued preferred stock with annual dividend payments of $1.44 per share. If the required rate of return on these bonds is 5.4%, what is the value of the instruments today? Enter your answer as a number with 2 decimal places of precision (i.e. 1.23). Do not enter dollar signs or commas

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