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Unique Stores preferred stock pays a constant annual dividend of $1.75 per share and the next dividend will be paid in approximately one year. What

Unique Stores preferred stock pays a constant annual dividend of $1.75 per share and the next dividend will be paid in approximately one year. What should the preferred stock price be if the required return is 13.25 percent?

  • $12.50

  • $13.33

  • $13.21

  • $12.88

  • $14.18

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