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The preferred stock of a company pays a quarterly dividend of $3 forever. What is the present value of all dividends? (Assume the discount rate

The preferred stock of a company pays a quarterly dividend of $3 forever. What is the present value of all dividends? (Assume the discount rate is 3% per quarter.) Suppose a corporate bond that makes semiannual payments has 5 years to maturity. The coupon rate of this bond is 6%, and the yield to maturity is 8%. The bonds par value is $1,000. What is the bonds price?

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