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McKerley Corporation has preferred stock outstanding that will pay an annual dividend of $5.65 per...

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Finance

McKerley Corporation has preferred stock outstanding that will pay an annual dividend of $5.65 per share with the first dividend exactly 15 years from today. If the required return is 3.99 percent, what is the current price of the stock?

$78.74

$141.60

$75.72

$136.17

$81.88

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