Question: Question 8 (1 point) AMG Ltd issued a preference share with face value $100. The preferred dividend rate is 8.6%. If investors' required rate of

Question 8 (1 point)

AMG Ltd issued a preference share with face value $100. The preferred dividend rate is 8.6%. If investors' required rate of return is 7.2 percent per annum, what is the fair value of an AMG preference share today?

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