Question 1 0.25 points Charmer Retail Group pays its preference shareholders dividends every six months...
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Question 1 0.25 points Charmer Retail Group pays its preference shareholders dividends every six months at a rate of 8% pa. against a $1000 par value. What is the maximum amount you are willing to pay to purchase these shares if your required rate of return is 9.19 p.a.? (Express your answers in dollars, to two decimal places. Omit the $ sign.)
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