Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Finance Cost of Capital

A company issues 10% irredeemable preference shares. The face value per share is Rs. 100, but the issue price is Rs. 95. What is the cost of preference share?

1
10.63%
2
10.73%
3
10.83%
4
10.53%
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