This questions are related to finance(Fundamentals of corporate finance 7th edition)

Assignment - x u Take Test FNCE2005 x Curtin University (Curtin University of Technology) [AIJ] https://lms.curtin.edu.au/webapps/assessment/take/take.jsp?course_assessment_id 88150 1&course 77398 1&content id=_44S6791_1 &question_num_6.x=O&toggle_state=qShow&step=null Take Test: FNCE2005 Assignment Test Information Question Completion Status: Moving to another question will save this response uestion 6 The market price for TIL's irredeemable preference shares for was $1.50 and the next dividend of $0.08 per share is due next year. Calculate the cost of TIL's irredeemable preference share. a The rate applicable to TIL's irredeemable preference share is 10.95% per annum. O b. The rate applicable to TIL's irredeemable preference share is 18.75% per annum. O c The rate applicable to TIL's irredeemable preference share is 5.33% per annum. O None of the other answers are true. O Moving to another question will save this response Windows Close Window < Question 6 of 23 1 points Save Answer < Question 6 of 23 Close Window 2017-05-01