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You are considering buying a share of preferred stock which you plan to hold for 4 years, then sell. It has a $ 3 .
You are considering buying a share of preferred stock which you plan to hold for years, then sell. It has a $ annual dividend and you require return at the present moment. At the time you sell, the required return is in the market is expected to be What is the maximum price you should pay for a share of this preferred stock right now?
Enter your answer as a number with four decimal places and without the currency symbol. For example, if your answer is $ enter
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