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Today the shares are selling at 6407 if the required rate

Preference shares: Each quarter, Sirkota Ltd pays a dividend on its preference shares. Today the shares are selling at $64.07. If the required rate of return for such shares is 16.5 percent, what is the quarterly dividend paid by this company?

(Round your final answer to the nearest cent)

Quarterly dividend = $

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Finance Basics: Today the shares are selling at 6407 if the required rate

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Finance Basics: Today the shares are selling at 6407 if the required rate

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