Pipeline Corporations preferred share dividend of $1.45 is paid at the end of every six months. If

Question:

Pipeline Corporation’s preferred share of $1.45 is paid at the end of every six months. If comparable investments yield 5.6% compounded quarterly, what should be the selling price of these shares?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...