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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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