The Required Rate of Return on TKF Preference Shares Has

question 108

Multiple Choice

The required rate of return on TKF preference shares has fallen from 5.75% at the time of issue to the present rate of 5%.The share now sells for $115.What was the original price?

• A)$75.61
• B)$132.25
• C)$114
• D)$100

---

Definitions:

Northern Society

A secret revolutionary organization in the early 19th century in Russia, which aimed at overthrowing the autocracy and implementing constitutional reforms.

Materialism

a philosophical position that holds physical matter as the only or fundamental reality and discounts any independent existence of mental states or consciousness.

Idealism

A philosophy that emphasizes the primacy of ideas and ideals in interpreting experience and guiding actions, often contrasted with materialism.