The company Tictic pays a preferred dividend of $12. Similar shares have yields of 14%. If...
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The company Tictic pays a preferred dividend of $12. Similar shares have yields of 14%. If the preferred shares are non redeemable, and the next dividend will be paid in 3 years time. What is the value of the non cumulative preference share. Deferred perpetuity: $65.95 The company Tictic pays a preferred dividend of $12. Similar shares have yields of 14%. If the preferred shares are non redeemable, and the next dividend will be paid in 3 years time. What is the value of the non cumulative preference share. Deferred perpetuity: $65.95
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The formula for the present value PV of a deferred perpetuity is PV C r g Where PV Present ... View the full answer
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
Posted Date:
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