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Business, 06.03.2020 23:20 kbell182005

McKerley Corp. has preferred stock outstanding that will pay an annual dividend of $3.85 per share with the first dividend exactly 15 years from today. If the required return is 3.63 percent, what is the current price of the stock?

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McKerley Corp. has preferred stock outstanding that will pay an annual dividend of $3.85 per share w...
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