Preference shares paying dividends of 8 of a 100 par value


Preference shares: paying dividends of 8% of a $100 par value, 15 000 outstanding, currently selling for $98 per share.

What is the required rate of return on preference shares? Show all working out.

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Financial Management: Preference shares paying dividends of 8 of a 100 par value
Reference No:- TGS01160184

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