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Calculate the price per share that landie would be can sell

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Reference no: EM132957193

Problem 1: Landie and her husband Josh purchased 50 preference shares in 2009 that were redeemable in ten (10) years' time. The par value of the preference shares is R20 each. The preference dividend of 10% is paid at the end of each year. Calculate the price per share that Landie and Josh would be can sell their shares in 2019, assuming that the required return from investor's is13%.

Reference no: EM132957193

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