GlobalCorp Ltd issues 12% irredeemable preference shares with a R50 face value each. The company...
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Finance
GlobalCorp Ltd issues 12% irredeemable preference shares with a R50 face value each. The company also has to pay a flotation cost equivalent to 10% of the expected sales price. The company pays 25% income tax. Calculate the cost of the preferential shares if these are issued at a10% premium
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