Question
ABC issued a series of preference share that currently pay dividend of $2.75 per share in perpetuity. What is the current market price of ABC
ABC issued a series of preference share that currently pay dividend of $2.75 per share in perpetuity. What is the current market price of ABC shares if required rate of return is 9% p.a.
Select one:
O A. $30.56
O B. $35.25
O C. $27.5
O D. $40.55
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
