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QUESTION
100 shares of Wahoo Inc. preferred stock, which is expected to pay a dividend of $3.25 every six months, forever.
100 shares of Wahoo Inc. preferred stock, which is expected to pay a dividend of $3.25 every six months, forever. Because the most recent dividend has just been paid, the next dividend payment will occur six months from today. The required six-month return on the stock is 5%.
