Reconstruction question – Dreamland

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November 25, 2012 at 3:24 am #55716
dazhong0703
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Preference shareholders-> arrears of dividend $1 x 2 x 8%
Q: where does ‘2’ come from?
November 25, 2012 at 9:29 am #108627
John Moffat
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Where did you find the question? I have just been looking through all the past exams and I cannot find one called Dreamland!
(I assume that it is not simply because they did not pay dividends for the last two years?)
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