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Peake Ltd has an issued share capital of $3 million which consists of 2,000,000 fully paid $1 ordinary shares and 1,000,000 fully paid $1 preference

Peake Ltd has an issued share capital of $3 million which consists of 2,000,000 fully paid $1 ordinary shares and 1,000,000 fully paid $1 preference shares. The company's constitution provides that pr...

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