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Goggle Inc. is planning to pay a quarterly dividend of $1.50 on its perpetual preferred share. The market requires a dividend yield of 4.909% compounded

Goggle Inc. is planning to pay a quarterly dividend of $1.50 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 price of its preferred share if it is purchased and the first dividend is paid at the end of the quarter?

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