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A preference share pays dividends totalling $5.00 per year, with dividends paidsemi-annually. What is the value of the shareif the required rate of return is

A preference share pays dividends totalling $5.00 per year, with dividends paidsemi-annually. What is the value of the shareif the required rate of return is 7.2% p.a.?

Select one:

a. $69.44

b. $136.87

c. $138.89

d. $68.04

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