Canadian Pacific Class B preferred shares have just paid their quarterly $1.00 dividend and are trading on

Question:

Canadian Pacific Class B preferred shares have just paid their quarterly $1.00 and are trading on the Toronto Stock Exchange at $50. What will the price of the shares have to be three years from now for a current buyer of the shares to earn 7% compounded annually on his investment?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...