Тестовое задание

Consider a preferred share that entitles the shareholder to receive $600 on April 1 each year forever, however, the firm can postpone payments in some cases. On March 31, 2022, when the share price was $6600, the firm announced that it decided to postpone the payment for 1 year because of insufficient cash on hand. So, instead of the payment on April 1, 2022, the shareholders will receive a double payment on April 1, 2023. Find the approximate share price right after the announcement, other things being equal.