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Preffered stock for Cocal Cola is trading for $28.95 a share in the secondary market and your next best use of funds is paying 9%

Preffered stock for Cocal Cola is trading for $28.95 a share in the secondary market and your next best use of funds is paying 9% APR with quarterly compounding. In order to cover your opportunity cost, what quarterly dividends would Coca Cola have to pay? Round your answer to the nearest penny?

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