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Swan Ltd has preference shares outstanding that pay a fixed dividend of $2.70 each year.If investors require a return of 12%, what is the current

Swan Ltd has preference shares outstanding that pay a fixed dividend of $2.70 each year.If investors require a return of 12%, what is the current value for the shares?

a.$25.20

b. $25.00

c. $22.50

d. $27.00

e.$225.00

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