Palm beach beachwear has $ 100 preference shares that pay a dividend of $ 7.50 per annum.
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Palm beach beachwear has $ 100 preference shares that pay a dividend of $ 7.50 per annum. If investors require a return of 9 per cent on shares of a similar risk, what price would you expect to pay for these preference shares?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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