Question: A preference share is expected to pay a cash dividend of $1.25 per share every year indefinitely (i.e. forever). If the required return (r ps

A preference share is expected to pay a cash dividend of $1.25 per share every year indefinitely (i.e. forever). If the required return (r_ps) is 8.4% per annum, what price should this preference share sell for today?

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