Brisbane Power Issued Preference Shares in 1998 That Had a Par

question 19

Multiple Choice

Brisbane Power issued preference shares in 1998 that had a par value of $85.The preference shares pay a dividend of 5.75%.Investors require a rate of return of 6.50% today on these shares.What is the value of the preference shares today? Round to the nearest $1.

• A)$100
• B)$85
• C)$75
• D)$16

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The process by which the brain interprets and identifies colors in the visual spectrum.

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