A company issues 10,000 10% Preference Shares of ₹100 each redeemable after 10 years at a premium of 5%. The cost of issue is ₹2 per share. The cost of preference capital is:
CS Executive · Financial and Strategic Management · PYQS · December 2020
A company issues 10,000 10% Preference Shares of ₹100 each redeemable after 10 years at a premium of 5%. The cost of issue is ₹2 per share. The cost of preference capital is:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Financial Management
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