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Question 4 (5 points) You are offered a preferred stock that pays a constant dividend of $3.40/share. How much you should pay for this stock

Question 4 (5 points) You are offered a preferred stock that pays a constant dividend of $3.40/share. How much you should pay for this stock if your required return is 8.00%? (Round your answer to the nearest hundredth; two decimal places) Your

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