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Suppose a company is paying $6.00 preferred dividend to its investors. Those who Invest in this preferred stock are expecting a return of 4.70% on

Suppose a company is paying $6.00 preferred dividend to its investors. Those who Invest in this preferred stock are expecting a return of 4.70% on their investment. How much is the Value of this Preferred Stock?

Enter your answer in the following format: 123.45

Hint: Answer is between 117.45 and 137.87

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