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A cumulative and retractable 4.75% preferred share with a par value of $15 trades at $13.69. What is its next quarterly dividend (per share) will
A cumulative and retractable 4.75% preferred share with a par value of $15 trades at $13.69. What is its next quarterly dividend (per share) will be?
The answer is 0.1781, and I want detailed explanation. Thanks.
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