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Business, 12.08.2020 05:01 retros133

McKerley Corp. has preferred stock outstanding that will pay an annual dividend of $3.70 per share with the first dividend exactly 14 years from today. If the required return is 3.6 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 $3.70 per share w...
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