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Question 5 Plymouth plc has in issue 4% irredeemable preference shares (nominal value 1 each), currently trading at 0.30 per share cum-dividend. Plymouth plc pays

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Question 5 Plymouth plc has in issue 4% irredeemable preference shares (nominal value 1 each), currently trading at 0.30 per share cum-dividend. Plymouth plc pays corporation tax at a rate of 30%. What is the cost of these preference shares for the company to the nearest 0.1%)? A 9.3% B 10.8% 13.3% D 15.4% mo E 17.2%

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