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Anggun Bhd has outstanding nonconvertible preferred stock (cumulative) that pays a quarterly dividend of RM1.25. If your required rate of return is 9.5%, what should

Anggun Bhd has outstanding nonconvertible preferred stock (cumulative) that pays a quarterly dividend of RM1.25. If your required rate of return is 9.5%, what should you be willing to pay for 1000 shares of the firm?

Select one:

a. RM52,601.58

b. RM52,611.58

c. RM52,631.58

d. RM52,621.58

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