Question
A company plans to raise $1.3 million by issuing preference shares. The shares pay annual dividends of $1.7 per share. Potential investors are expected to
A company plans to raise $1.3 million by issuing preference shares. The shares pay annual dividends of $1.7 per share. Potential investors are expected to get a rate of return of 8% p.a. on the shares. Calculate the number of shares needs to be sold by the company.
Answer
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Handbook Of Financial Intermediation And Banking
Authors: Anjan V. Thakor, Arnoud Boot
1st Edition
0444515585, 978-0444515582
