Question

If a share of rs 10 is issued at 10% premium then issue price of share will be

Answer 1

Answer:

11

Explanation:

issue price = face value + premium

= 10 +( 10×10/100)

= 10+ 1

=11

Answer 2

Given

Share price = Rs$10$

Premium Rate = %

To Find

Issue price of the share

Explanation

issue price = face value + premium

$10 + 1$

Final answer

Hence the issue price of the share is $Rs 11$