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The National Bark of Columbia has issued perpetual preferred stock with a $100 par value. The bank pays a dividend of $5.6 on this stock.

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The National Bark of Columbia has issued perpetual preferred stock with a $100 par value. The bank pays a dividend of $5.6 on this stock. What is the current price of this preferred stock given a required rate of return of 8.5 %? A. $37.57 B. $43.25 C. %23.06 D. $65.88

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