it's like valuing a perpetual bond (perp/consol). value of a perp is just the coupon over the interest rate. preference shares can be treated as a perpetual security.. although this assumes the company will be able to pay the same dividend into perpetuity
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usually preferred shares aren't participating - they just gain a dividend.
But of course there are many different types of preference shares so you have to adjust for the different varieties
it's like valuing a perpetual bond (perp/consol). value of a perp is just the coupon over the interest rate. preference shares can be treated as a perpetual security.. although this assumes the company will be able to pay the same dividend into perpetuity
Assumenda molestiae ea a doloribus culpa. Quo ducimus quaerat accusantium quae commodi magni explicabo.
Repellendus ipsam quas et consequuntur quia voluptatum. Non vero quaerat et vero. Porro veritatis magni et praesentium. Cupiditate quos consequatur deleniti in commodi et. Dolorem facilis quaerat enim quia. Eum non officiis expedita sit.
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