Niyati posted an Question
May 25, 2021 • 05:56 am 30 points
  • UGC NET
  • Management

Y ltd. issues 50,000 10% preference shares of rs. 100 each redeemable after 10 years at a premium of 5%. the cost of issue is rs. 2 per share. calculate the co

Y Ltd. issues 50,000 10% preference shares of Rs. 100 each redeemable after 10 years at a premium of 5%. The cost of issue is Rs. 2 per share. Calculate the cost of preference share capital. Assume 30% corporate tax rate.

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