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The preference shares of Australia Tours Pty Ltd are selling currently at $60.13. If your required rate of return is 12.2 per cent, what is

The preference shares of Australia Tours Pty Ltd are selling currently at $60.13. If your required rate of return is 12.2 per cent, what is the dividend paid by this share? (Round the answer to two decimal places.)

Select one:

a.$1.47

b.$9.54

c.$3.67

d.$7.34

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