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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