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Suppose a company is paying a $ 5 . 2 5 preferred dividend to its investors. Those who Invest in this preferred stock are expecting

Suppose a company is paying a $5.25 preferred dividend to its investors.
Those who Invest in this preferred stock are expecting a return of 5.30% on their investment.
How much is the Value of this Preferred Stock?
Enter your answer in the following format: 12.34
Hint: Answer is between 92.12 and 99.99
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