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Each RBC preference share pays a constant dividend of $10 per share per annum indefinitely, with the first dividend being paid exactly one year from

Each RBC preference share pays a constant dividend of $10 per share per annum indefinitely, with the first dividend being paid exactly one year from today. The required return is 8% compounded annually.Suppose hongyi purchased 1000 RBC preference share for 150 today. Calculate the net present value of this investment

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