Calculate the value of 1 0 0 0 non - redeemable preference shares in Alfred Ltd on
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Question:
Calculate the value of nonredeemable preference shares in Alfred Ltd on February todays date The dividend rate is on a nominal value of R per share and is cumulative. Dividends are currently three years in arrears and no dividend is expected to be paid in the current year or the year thereafter It is expected that all arrear dividends will be paid in equal installments over a twoyear period once dividend payments are recommenced on February The return on similar preference shares is Round amounts to two decimals
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