A company forfeited 4,000 shares of 10 each on which application money of 3 has been paid. Out
of these 2,000 shares were reissued as fully paid up and * 4,000 has been transferred to capital reserve.
Calculate the rate at which these shares were reissued.
(a) ? 10 per share (b) 9 per share (c) * 11 per share (d) 8 per share
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9 rs per share is the answer
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