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What amount will be shown in the company statement

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Question - On 1 April 20X7, a company issued 40,000 £1 redeemable preference shares with a coupon rate of 8% at par. They are redeemable at a large premium which gives them an effective finance cost of 12% per annum. What amount will be shown in the company's statement of financial position under the heading of liability for preference shares at 31 March 20X9?

Reference no: EM132521034

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