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The C. Alice Stone Companys preferred stock pays a $11 dividend every year, with the next dividend due in one year. Investors require a 10%

The C. Alice Stone Companys preferred stock pays a $11 dividend every year, with the next dividend due in one year. Investors require a 10% return on this preferred stock. What is its current market price? What will the price be immediately after the next dividend payment (P1) if the required rate of return does not change?

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