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3) The preferred shares GHI Oil Incorporated trade at a current market price of $76.00 per share. What minimum semi-annual dividend (assume paid forever) is

3) The preferred shares GHI Oil Incorporated trade at a current market price of $76.00 per share. What minimum semi-annual dividend (assume paid forever) is needed to make this a good investment, given rates are assumed to be 5% compounded annually? (Section 13.5-3 marks)

Please show the results using the TI BA 2 Plus calculator. Thank you

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