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What is the required return for anzac preference shares

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Reference no: EM133000025

Problem 1: Anzac Corporation issued preference shares 8 years ago at a par value of $10.00 per share. If preference shares are paying $0.82 in dividends per year and the current market price is $15.68, what is the required return for Anzac's preference shares?

Reference no: EM133000025

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