Davis plc. has in its share capital 100,000, %10 preferred shares paying 12 percent dividends....
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Accounting
Davis plc. has in its share capital 100,000, %10 preferred shares paying 12 percent dividends. They are currently trading at $40 per share.
a. calculate the cost of preference shares.
b. calculate the price of Davis plc. preference shares if the cost of preferred shares is 15%.
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