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At the beginning of a quarter, Bridget Dubois purchases 200 shares of preferred stock for a price to provide her with a yield rate equal
At the beginning of a quarter, Bridget Dubois purchases 200 shares of preferred stock for a price to provide her with a yield rate equal to 3.6%. Assuming the stipulated dividends of $0.46 per share are paid quarterly, what is Bridgets per share price?
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