Management of Sperbing Bearings Inc. plan to reinstate the annual $1 dividend on its Series A Preferred shares in three years. After the resumption, analysts expect the dividend to continue in perpetuity. You own 100 shares of Sperbing and you want $100 of income annually from your holdings (by selling shares) starting tomorrow. After your sale of shares in two years, how many shares will you have left? Shareholders expect a return of 5% on the preferred shares. ? 84.2 80.2 82.2 86.2
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