What is the value of each preference share

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problem 1: Ryza Tatlonghari wants to buy 5,000 preference shares, P150 par value from Mawon Lim. According to her sources, the preference shares come with a constant dividend of P42 per share. Ryza intends to hold the preference shares long-term and has no plans on selling them soon. Moreover, she requires a 12% return on all his investments. What is the value of each preference share?

Reference no: EM132785325

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