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X-Centric Energy Company has issued perpetual preferred stock with a stated (par) value of 195 and a dividend of 5.5 percent. If the required rate

X-Centric Energy Company has issued perpetual preferred stock with a stated (par) value of 195 and a dividend of 5.5 percent. If the required rate of return is 10.6 percent, what is the stocks current market price?

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