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You are interested in buying the preferred stock of a bank that pays a dividend of $1.45 every quarter. If you discount such cash flows

You are interested in buying the preferred stock of a bank that pays a dividend of $1.45 every quarter. If you discount such cash flows at 10 percent, what is the value of this stock? (Round onswer to 2 declmol ploces, es. 15.25.) Value of the stock

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