Calculate the value of $1000$ preference shares in A Ltd$.$ The dividend rate is $10\%$ on an issue price of $R1$ per share and is cumulative. Dividends are three years in arrears and no dividend is expected for another two years from today $($i$.$e$.$ the company will pass one more year of dividends$).$ It is expected that arrear dividends will be made up over a two$-$year period once dividend payments are recommenced. The return on similar preference shares is $13\%\frac{.}{?}$