Please show full workings, thank you so much The Great...
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Finance
Please show full workings, thank you so much
The Great Canadian Company Ltd. has $5,000,000 of $100 par value preferred shares issued and outstanding. The preferred shares pay a $10.00 dividend on June 4 each year and investors require a rate of return of 8 percent. a. If there is no maturity date, what is the expected price of the preferred share in the market June 4, 2021? Show your work! (3 marks) b. If there is a maturity date of June 4, 2026, what is the expected price of the preferred share in the market on June 4, 2021? Show your work
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