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Which ONE of the following statements is NOT true about preference shares? Select one: O A. Preference share dividend payments are fixed obligations of the

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Which ONE of the following statements is NOT true about preference shares? Select one: O A. Preference share dividend payments are fixed obligations of the company, similar to the interest payments on corporate bonds. O B. Preference share holders rank below ordinary shareholders in a liquidation. shareholders have limited voting privileges relative to ordinary share owners. O D. While preference shares are legally classified as perpetuities, some issues do have a fixed maturity A fast growth share has the first dividend (t-1) of $3.71. 0ividends are then expected to grow at a rate of 9 percent pa. for a further 3 years. it then will settle to a of 1.6 percent.If the required rate of return is 18 percent, what is the current price of the share? (to the nearest cent) Select one: O a. $26.56 O b. $70.22 O d.$25.09

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