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Given thatpreference shares have an expected dividend stream of 20 cents in perpetuity and that the current market price (cum-dividend) of thepreference shares is $2.40,
Given thatpreference shares have an expected dividend stream of 20 cents in perpetuity and that the current market price (cum-dividend) of thepreference shares is $2.40, calculate the cost ofcapital(kp)of these preference shares.
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