A company issues 10% irredeemable preference shares. The face value pe – McqOptions

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1.	A company issues 10% irredeemable preference shares. The face value per share is Rs. 100, but the issue price is Rs. 95. What is the cost of preference share?
A.	10.63%
B.	10.73%
C.	10.83%
D.	10.53%
Answer» E.

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A company issues 10% irredeemable preference shares. The face value per share is Rs. 100, but the issue price is Rs. 95. What is the cost of preference share?
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