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SMS Limited, a listed AS company has a preference share that pays a $3.80 dividend every year, in perpetuity. If the current required return in
SMS Limited, a listed AS company has a preference share that pays a $3.80 dividend every year, in perpetuity. If the current required return in the market is at 8%, what is the estimated value of SMS Limited's preference share? (Hint: Use No growth discount model) A. $46.50 . $47.50 c. $48.00 D. $49.50
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4th Edition
