The National Bank of Australia has issued perpetual preference shares with a $100 par value.The bank pays a quarterly dividend of $1.40 on this share.What is the current price of this preference share given a required rate of return of 8.5 percent?
A) $23.06.
B) $37.57.
C) $43.25.
D) $65.88.
Correct Answer:
Verified
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