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https://nursingwritersden.com/wp-content/uploads/2019/09/logo-1.png00adminhttps://nursingwritersden.com/wp-content/uploads/2019/09/logo-1.pngadmin2022-04-29 15:44:472022-05-31 05:08:30A preferred stock from Hecla Mining Co. (HLPRB) pays $3.80 in annual dividends. If the required return on the preferred stock is 6.80 percent, what is the value of the stock? (Round your answer to 2 decimal places.)