Question: McKerler copr has preffered stock outstanding that will pay an annual dividend of 4.60 per dhare with the first dividend exactly 14 years grom tofay.

McKerler copr has preffered stock outstanding that will pay an annual dividend of 4.60 per dhare with the first dividend exactly 14 years grom tofay. If thr required return 3.78 percent, what is the cureent peice stock

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