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
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?
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
12th Edition
1260772160, 978-1260772166
