Canadian Pacific Class B preferred shares have just paid their quarterly $1.00 dividend and are trading on the Toronto Stock Exchange at $50. What will the price of the shares have to be three years from now for a current buyer of the shares to earn 7% compounded annually on the investment?

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The Answer of Canadian Pacific Class B preferred shares have just paid their quarterly $1.00 dividend and are trading on the Toronto Stock Exchange at $50. What will the price of the shares have to be three years from now for a current buyer of the shares to earn 7% compounded annually on the investment?

Canadian Pacific Class B Preferred Shares Have Just Paid Their