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Find what is preference dividends payable

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Reference no: EM132680919

Problem 1: $17,500,000 of 2.5% pa preference shares. Dividends on these shares are paid six monthly on the first day of October and April each year. what is Preference Dividends payable?

1.17500000*2.5%
2.18500000*2.5%*0.5

Reference no: EM132680919

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