A company forfeited 4,000 shares of ₹10 each on which application money of ₹3 has been paid. Out of these 2,000 shares were reissued as fully paid up and ₹4,000 has been transferred to capital reserve. Calculated the rate at which these shares were reissued :
1
₹10 per share
2
₹9 per share
3
₹11 per share
4
₹8 per share