Question
A prestigious investment bank has designed a new security that pays a quarterly dividend of $4.91 in perpetuity. The first dividend occurs one quarter from
A prestigious investment bank has designed a new security that pays a quarterly dividend of $4.91 in perpetuity. The first dividend occurs one quarter from today. What is the price of the security if the stated annual interest rate is 8.49%, compounded quarterly?
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Finance And Control For Construction
Authors: Chris March
1st Edition
0415371155, 978-0415371155
