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    Question

    Virat Ltd. issues 5,000 10% preference shares of ₹100

    each at ₹96 each. The company proposes to redeem the preference shares at the end of the 10th year from the date of issue. Calculate the cost of preference share.
    A 10% Correct Answer Incorrect Answer
    B 10.61% Correct Answer Incorrect Answer
    C 10.77% Correct Answer Incorrect Answer
    D 10.4% Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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