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Wildhorse Insurance Ltd. issued a fixed-rate perpetual preferred stock three years ago and placed it privately with institutional investors. The stock was issued at $25

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Wildhorse Insurance Ltd. issued a fixed-rate perpetual preferred stock three years ago and placed it privately with institutional investors. The stock was issued at $25 per share with a $2.10 dividend. If the company were to issue preferred stock today, the yield would be 6.3 percent. The stock's current value is: $38.03. $25.00. $49.85. $33.33

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