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Pacific Plc has preference shares in issue with a par value of 2 each and a preference dividend rate of 6%. How much would an

Pacific Plc has preference shares in issue with a par value of 2 each and a preference dividend rate of 6%. How much would an investor with a 12% required rate of return be willing to pay for one of these shares today? O 16.67 O 01.00 0.11 O 2.00

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