(Answered) Mrs m owns 5000 preferred shares of abc inc and she is

Management Studies

Mrs. M owns 5,000 preferred shares of ABC Inc., and she is thinking of selling 150 of these shares to pay for a new computer. These shares pay quarterly dividends of $0.50 per share. If her required effective annual return is 15%, what is the minimum dollar amount for which Mrs. M. should sell her shares?

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