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Acme class B preferred shares pay quarterly dividends of $ 2 . 5 0 . The shares must be redeemed at $ 1 0 0
Acme class B preferred shares pay quarterly dividends of $ The shares must be redeemed at $ by Acme years from now when the last dividend is paid. At what price should the shares trade today if the rate of return required by the market on similar preferred shares is compounded quarterly?
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