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Alphabet Inc. is planning to pay a quarterly dividend of $0.80 on its perpetual preferred share. The market requires a dividend yield of 4.909% compounded

Alphabet Inc. is planning to pay a quarterly dividend of $0.80 on its perpetual preferred share. The market requires a dividend yield of 4.909% compounded quarterly on preferred shares of similar risks. What is the fair market value of its perpetual preferred share just after payment of a dividend at the end of the quarter (ordinary)?*

1 point

$10

$65.19

$65.98

$40.74

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