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9. A company's 6% irredeemable preference shares of RM1 each have a market price of RM0.65. The company is paying corporation tax at a rate

9. A company's 6% irredeemable preference shares of RM1 each have a market price of RM0.65. The company is paying corporation tax at a rate of 28%. What is the cost of preference share capital? A. 9.2% B. 6.6% C. 6.0% D. 4.3%

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