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(d) MH Ltd's preference shares are selling at $54 on the market and pay an annual dividend of $4.20 per share. i. What is the expected rate of return?...

(d) MH Ltd's preference shares are selling at $54 on the market and pay an annual dividend of $4.20 per share.
i. What is the expected rate of return?
ii. If an investor's required rate of return is 9 percent, what is the value per share for that investor?
iii. Considering the investor's required rate of return, do these shares seem to be a desirable investment?

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