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A company issues 10% Irredeemable preference shares. The face value per share is RO 10, but the issue price is RO 9.5. what is the cost of preference share?

A company issues 10% Irredeemable preference shares. The face value per share is RO 10, but the issue price is RO 9.5. what is the cost of preference share?
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A company issues 10% Irredeemable preference shares. The face value per share is RO 10, but the issue price is RO 9.5. what is the cost of preference share?

asked
User Are
by
8.2k points

1 Answer

5 votes

Answer:

The answer of the question is 10.53%.

answered
User Rick Deckard
by
8.0k points
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