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A companys preference shares pay a dividend of $4.12 per year. If our required rate of return on the company`s preference shares is 9.50%, what

A companys preference shares pay a dividend of $4.12 per year. If our required rate of return on the company`s preference shares is 9.50%, what would we consider a fair price for these shares?

A. $25.23

B. $43.37

C. $67.00

D. $42.04

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