The PMP Insurance Company preference shares are trading on the ASX at $9 each and a dividend of 63 cents has just been paid.The face value of the issue is $10.What is the cost of preference shares for PMP?
A) 6.30%
B) 9.00%
C) 1.11%
D) 14.29%
E) 7.00%
Correct Answer:
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