Question: Pacific Plc has preference shares in issue with a par value of 4 each and a preference dividend rate of 9%. How much would an

Pacific Plc has preference shares in issue with a par value of 4 each and a preference dividend rate of 9%. How much would an investor with a 15% required rate of return be willing to pay for one of these shares today? 26.67 6.00 0.31 2.40

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