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At the beginning of a quarter, Bridget Dubois purchases 200 shares of preferred stock for...

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Finance

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At the beginning of a quarter, Bridget Dubois purchases 200 shares of preferred stock for a price to provide her with a yield rate equal to 6.7%. Assuming the stipulated dividends of $0.28 per share are paid quarterly, what is Bridget's per share price? (Round your answer to the nearest cent.)

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