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Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.88...

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.88 every year in perpetuity. If the required return is 4.69 percent, what is the current stock price?

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Answer #1

Ans $ 104.05

the current stock price = Dividend /Required Return

                                   = 4.88 / 4.69%

                                    = $ 104.05

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