Question: John Wexler purchased a preferred share with a fixed dividend of CAD 4.50 that is paid in quarterly installments. The interest rate is 6.0%, compounded

John Wexler purchased a preferred share with a fixed dividend of CAD 4.50 that is paid in quarterly installments. The interest rate is 6.0%, compounded quarterly. Demonstrate with a timeline

REQUIRED: 1. What is the value of the preferred share

please solve with explanation

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