National Grit's Preference Shares Have a Par Value of $100

question 80

Multiple Choice

National Grit's preference shares have a par value of $100, sell for $85 and pay $11 each year in dividends.What is the required rate of return?

• A)12.9 %
• B)11%
• C)1.29%
• D)8.5%

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Definitions:

Social Cohesion

The degree of interconnectedness and trust among members of a society, contributing to its stability and solidarity.

Collective Goals

Objectives or outcomes that are shared by members of a group, driving cooperation and collective action towards achieving these common ends.

Group Level

Refers to the analysis or interaction occurring at the scale of a group rather than at the individual level, focusing on collective behaviors and dynamics.

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An annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years.