Question

A company issues 1200 , 12 per cent perpetual preference shares of 100 each . company is expected to pay 2 per cent as flotation cost . calculate the cost of preference shares assuming to be issued at (a)face value of par value, (b) at a discount of 5% and (c) at a premium of 10%.​

Answer 1

Answer:

c) at a premium of 10%.

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