Question: Kindzi Company has preferred stock outstanding that is expected to pay an annual dividend of $ 3 . 6 2 every year in perpetuity. If

Kindzi Company has preferred stock outstanding that is expected to pay an annual dividend of $3.62 every year in perpetuity. If the required return is 3.79 percent, what is the current stock price?
Multiple Choice
$95.51
$85.96
$92.03
$89.15
$99.13

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