Use of Financial Calculator TI BA II Plus Required

question 58

Multiple Choice

Use of Financial Calculator TI BA II Plus required. What is the fair market value of a preferred share that pays $2.25 in dividends per year when long-term government bond yield is 5.42 percent annually?

• A)$85.47
• B)$41.51
• C)$42.56
• D)$39.82

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