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Goggle Inc. is planning to pay a quarterly dividend of $0.50 on its perpetual preferred share. The market requires a dividend yield of 5% compounded

Goggle Inc. is planning to pay a quarterly dividend of $0.50 on its perpetual preferred share. The market requires a dividend yield of 5% compounded annually 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?

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