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Mufasa Ltd. has 500 13% redeemable preference shares in issue. The shares have a face value of R1 000 each and are redeemable 8 years
Mufasa Ltd. has 500 13% redeemable preference shares in issue. The shares have a face value of R1 000 each and are redeemable 8 years from today at a premium of 5%. Interest is paid annually. Similar shares earn interest at 8%. Determine the value of the preference shares today.
R549 954 | ||
R657 172.70 | ||
R673 549 | ||
R425 294 |
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