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The Preferred Stock of Stockbridge Sprockets, Inc. pays quarterly dividends of 6 5 cents per share, and has a required rate of return of 1
The Preferred Stock of Stockbridge Sprockets, Inc. pays quarterly dividends of cents per
share, and has a required rate of return of What is the value of the stock?
ROUND YOUR ANSWER TO THE NEAREST WHOLE DOLLAR, AND DO NOT ENTER A
DOLLAR SIGN
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