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Question 3 Mark An issue of common stock pays quarterly dividends at the end of each quarter. The amount of dividend in the first year is $0.50 per quarter. At the end of each year, the dividend increases by 5% over the previous year's dividend. What is the present value of the perpetual stream of dividends if the annual effective interest rate is 10%? 41.07 B 41.27 41.47 D 41.67 E 41.87 Grade & Review >