Question: Pls explain how to get answer without excel Question 4 0 / 1 point ABC Inc has an outstanding preferred share. The preferred share just

Pls explain how to get answer without excel

Question 4 0 / 1 point ABC Inc has an outstanding preferred share. The preferred share just paid a dividend of $2.87. Dividends are paid quarterly. The required rate of return on the preferred shares is 7.65% compounded annually. What is the price of the preferred shares? Your answer should be accurate to two decimal places. Answer: 37.52 x (154.30)

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