Just Us Realty Ltd has issued perpetual preference shares with a $100 par value.The company pays a quarterly dividend of $2.60 on this share.What is the current price of this preference share given a required rate of return of 12.5 percent?
A) $20.80.
B) $47.25.
C) $80.00.
D) $83.20.
Correct Answer:
Verified
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