the required rate of return for these shares is 7.45% per annum. The company will pay an
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the required rate of return for these shares is 7.45% per annum. The company will pay an annual dividend at the end of each year, commencing at the end of Year 2, as it will be two years before the business will be profitable. The dividend will be $1.80 per share, and is forecast to be paid forever. one preference share is worth approximately
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