3 (4 marks) On 1 January x1, Annie Bhd issued 25 million, 4% redeemable preference shares at RMI each redeemable at a premium of 18%, on 31 December x4. The effective interest rate is 8% and the interest rate is 31 December. The market price of the shares in years x1 to x4 is shown below: 31 December xl 31 December x2 31 December x3 31 December x4 Required: RM 1.06 1.10 1.12 118 Discuss the accounting treatment where the preference shares are measured at amortised cost