How much will you be willing to pay for one share of this, Financial Management

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How much will you be willing to pay for one share of this

Giant Co. has just issued preferred stock with a par value of 100 and an annual dividends rate of return of 10.87 percent If your required rate of return is 13.47 percent, How much will you be willing to pay for one share of this of this perfereed stock?

Round the answer to two decimal places.

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