AMG Ltd issued a preference share with face value $500. The preferred dividend rate is 3.0%. If investors' required rate of return is 6.9 percent per annum, what is the fair value of an AMG preference share today? YourAnswer: Answer AMG Ltd just paid a dividend of $3.5 per share. Investors expect AMG's dividend will grow by 5.4 per cent per annum till infinity. If the required rate of return is 11.9 percent, what is the fair value of an AMG share today? Your