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Perpetuities A prestigious investment bank designed a new security that pays a quarterly dividend of $2.25 in perpetuity. The first dividend occurs one quarter from

Perpetuities A prestigious investment bank designed a new security that pays a quarterly dividend of $2.25 in perpetuity. The first dividend occurs one quarter from today. What is the price of the security if the APR is 3.8 percent compounded quarterly. Show steps using BA 11 plus texas instruments.

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