Question
6,000, 10% Preference Shares were issued in 2012 with a Face Value of $3.66. These shares are now trading at $4.29. Calculate the current cost
6,000, 10% Preference Shares were issued in 2012 with a Face Value of $3.66.
These shares are now trading at $4.29.
Calculate the current cost of these shares to the business (correct to TWO decimal places).
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
