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The Columbia Consumer Products Co. has issued perpetual preferred stock Witn a $100 pat value. The firm pays a quarterly dividend of $2.60 on this

The Columbia Consumer Products Co. has issued perpetual preferred stock Witn a $100 pat value. The firm pays a quarterly dividend of $2.60 on this stock. What is the current price of this preferred stock given a required rate of return of 12.5 percent

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