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What is the value of a preference share that pays an annual dividend of $3.46 if the required rate of return is 6.4% p.a.?

What is the value of a preference share that pays an annual dividend of $3.46 if the required rate of return is 6.4% p.a.? O a. $3.25 O b. $52.43 Oc. $54.06 O d. $56.58

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