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Cool Ltd's preference shares that pay a perpetual annual dividend of $2 per share. If the appropriate discount rate for this investment is 6%, what

Cool Ltd's preference shares that pay a perpetual annual dividend of $2 per share. If the appropriate discount rate for this investment is 6%, what is the price of this share?

Question 9 options:

	cannot be determined without a maturity date.
	$33.33
	$35.00
	$36.44

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