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What is the value of a preference share where the dividend rate is 14% on a $100 face value and the market required return on

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What is the value of a preference share where the dividend rate is 14% on a $100 face value and the market required return on a similar share is 12%? Select one: O a $110.67 b. Need more details to calculate Oc. $116.67 O d. $324.48 O e. $611.67 Clear my choice

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