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How much dividend per share will you receive each year

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Question - Gallifrey Ltd has 100 000 6% preference shares on issue. They were originally issued at $2 a share. Currently, they sell on the stock exchange for $3 a share. If you own some of these preference shares, how much dividend per share will you receive each year, assuming that no dividend payments are missed?

a. 6 cents

b. 12 cents

c. 18 cents

d. You will not know until the directors declare the dividend

Reference no: EM132528830

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