Question: Having trouble with the below question. Problem 8.LO2.5 A share oi preferred stock pays a dividend of $0.17 annually. The required rate of return is

Having trouble with the below question. Problem 8.LO2.5 A share oi

Having trouble with the below question.

Problem 8.LO2.5 A share oi preferred stock pays a dividend of $0.17 annually. The required rate of return is 2%. What is The preferred stock's price per share? The preiened stock's price per share is 5D. {Round to lhe nearest cenL]

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