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6. You purchase some preferred shares that have a semi-annual dividend of $1.25. How much should you pay for the shares if the interest rate
6. You purchase some preferred shares that have a semi-annual dividend of $1.25. How much
should you pay for the shares if the interest rate is 5% semi-annually and the first dividend is in 6
months?
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
