Preferred shares of Western Oil paying a quarterly dividend are to be offered at $55.65 per share.

Question:

Preferred shares of Western Oil paying a quarterly are to be offered at $55.65 per share. If money is worth 6.2% compounded semi-annually, what is the minimum quarterly to make investment in such shares economically feasible?
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...