Chapter 13 The Cost of Capital
The market price per preference share was $0.90 ex div on 31 March 2010. Lock stock interest is paid annually in arrears and is allowable for tax at a tax rate of 30%. The loan stock was priced at $100.57 ex interest per $100 nominal on 31 March 2010. The loan stock is redeemable on 31 March 2011. ................
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