Give typing answer with explanation and conclusion  A share valued at $277.60 pays quarterly dividends in perpetuity at a rate of return of 6.50% compounded semi-annually. Calculate the end-of-quarter dividends.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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Chapter7: Common Stock: Characteristics, Valuation, And Issuance
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Give typing answer with explanation and conclusion 

A share valued at $277.60 pays quarterly dividends in perpetuity at a rate of return of 6.50% compounded semi-annually. Calculate the end-of-quarter dividends.

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