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Fisher & Paykel will issue preference shares with a dividend yield of 1.25% per half a year and a par value of $1,000. How much

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Fisher & Paykel will issue preference shares with a dividend yield of 1.25% per half a year and a par value of $1,000. How much should one preference share cost today if an appropriate discount rate is 11.6% p.a. compounded annually? $215.52 None of the options $107.76 $221.60 $109.21

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