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what is the value of a perpetual preferred stock from kma corp, paying $2.67 in annual end-of-year dividends, to an investor who requires a 7%

what is the value of a perpetual preferred stock from kma corp, paying $2.67 in annual end-of-year dividends, to an investor who requires a 7% annual rate of return. assumes the par value is $ 60,00.

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