Solved: What is the price of the security if the apr is 37 percent, Basic Computer Science

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What is the price of the security if the apr is 37 percent

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A prestigious investment bank designed a new security that pays a quarterly dividend of $3.80 in perpetuity. The first dividend occurs one quarter from today.

What is the price of the security if the APR is 3.7 percent, compounded quarterly?

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Basic Computer Science: What is the price of the security if the apr is 37 percent

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Basic Computer Science: What is the price of the security if the apr is 37 percent

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