Suncorp Limited shares pay a fixed annual dividend of $$3\mathrm{.}00.$ Because of lower inflation, the market's required yield on this preference share has gone from $12\%$ to $10\%.$ As a result

QUESTION $7$SELECT ONE:

a$.$

The value of Suncorp's preference shares decreased by $$5\mathrm{.}00.$

b$.$

Suncorp$$s dividend decreased by $6$ cents.

c$.$

The value of Suncorp's preference shares increased by $$3\mathrm{.}00.$

d$.$

The value of Suncorp's preference shares increased by $$5\mathrm{.}00.$