Question
A prestigious investment bank designed a new security that pays a quarterly dividend of $4.10 in perpetuity. The first dividend occurs one quarter from today.
A prestigious investment bank designed a new security that pays a quarterly dividend of $4.10 in perpetuity. The first dividend occurs one quarter from today.
What is the price of the security if the APR is 4.9 percent, compounded quarterly?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
