Varun Ltd. is issuing 1 Lakh 12% Irredeemable preference shares of the face value of ₹100 each. If the floatation cost is ₹2 per share, what is the cost of these Preference Shares ?
CS Executive · Financial and Strategic Management · PYQS · December 2019
Varun Ltd. is issuing 1 Lakh 12% Irredeemable preference shares of the face value of ₹100 each. If the floatation cost is ₹2 per share, what is the cost of these Preference Shares ?
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Management
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