A company issues Rs 100 preference shares with Rs 10 as dividend per share per annum. The company’s financial position is strong which means a perpetual dividend payment. If the investors require at...

A company issues Rs 100 preference shares with Rs 10 as dividend per share per annum. The company’s financial position is strong which means a perpetual dividend payment. If the investors require at least 12% return on their investment, find the value of share.