(Please show how to calculate. Thank you very much) 1) Calculate the cost of preference capital (k p ) for a non-redeemable preference share which...

1) Calculate the cost of preference capital (kp) for a non-redeemable preference share which has the following:

Price = $14 and a Preference dividend of $1.1 paid every six months. Your answer should the effective annual cost as a decimal accurate to four decimal places.

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