Gotham Ltd has issued perpetual preference shares with a $1,000 par value. The bank pays a quarterly
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Question:
Gotham Ltd has issued perpetual preference shares with a $1,000 par value. The bank pays a quarterly dividend of $0.65 on a share. What is the current price of this preference share given a required rate of return of 5%, compounding quarterly?
Select one:
a.$52
b.$3.25
c.$13
d.$208
Posted Date: