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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 A. $3056 8. 535.25 C. 527.5 D. $40.55

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