A preferred stock is expected to pay a dividend of 210 a, Finance Basics

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A preferred stock is expected to pay a dividend of 210 a

Question: A Preferred Stock is expected to pay a dividend of $2.10 a year. Investors require 5.25% for investments of similar risk. The value of this preferred stock is closest to? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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