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A company's preferred shares pay a $4.25 dividend every three months in perpetuity. What is the fair market value of the shares just after payment

A company's preferred shares pay a $4.25 dividend every three months in perpetuity. What is the fair market value of the shares just after payment of a dividend if the rate of return required by the market on shares of similar risk is 2% compounded quarterly? (Round your answer to the nearest cent.)
Fair market value $ per share.

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