Ac Com has praterred stock wm an annual thaand of 52.92 it the required ratum...

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Ac Com has praterred stock wm an annual thaand of 52.92 it the required ratum on Achi's preferred stock 4 8,7%, what is its price? (Hint: For a proferred stock, the dividend gewath rate is zero) his stock price will be Roond to the nearest cont)

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