Definition of limits of sequences
Employ the epsilon -N definition of limits of sequences to verify that the limit as n goes to infinity of (n+1)/(n+2) is equal to 1.
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The First Bank of Ellicott City has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 13.0 percen
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