A non-redeemable preference share is paying a constant dividend of $7. What is the current price if
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A non-redeemable preference share is paying a constant dividend of $7. What is the current price if the market yield for such shares is 9 %? Your answer should be calculated to the nearest cent, e.g. 23.167 should be entered as 23.17. Do not enter the $ sign.
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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