What Is the Value of Preference Shares That Pays a $2.10

question 91

Multiple Choice

What is the value of preference shares that pays a $2.10 dividend to an investor with a required rate of return of 6% (round your answer to the nearest $1) ?

• A)$35
• B)$23
• C)$17
• D)$21

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Definitions:

Transaction

A transaction is an agreement between a buyer and a seller to exchange goods, services, or financial instruments.

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Eco-Tourism

Responsible travel to natural areas that conserves the environment, sustains the well-being of the local people, and involves interpretation and education.

Extinction

The process by which a species, genus, or family of organisms ceases to exist through death or inability to reproduce in its natural environment.