Question: Graphical Designs is offering 1 0 - 1 0 preferred stock. The stock will pay an annual dividend of $ 1 0 with the first

Graphical Designs is offering 10-10 preferred stock. The stock will pay an annual dividend of $10 with the first dividend payment occurring 10 years from today. The required return on this stock is 4.60 percent. What is the price of the stock today?

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