$

Ordinary share cap. @ $2 each = 200,000
5% Redeemable Preference share = 50,00
of $o.10 each
Loan Notes               = 3,000,000

Statements which are true about the Stat. of Finan. Pos.

1- Net assets are 3,250,000
2- Net Equity is 200,000
3- Dividends on Preference shares must be paid in priority to ordinary shares.

Please explain the terms also Redeemable Preference share and loan notes