Fill This Form To Receive Instant Help
Homework answers / question archive / A company issued 10% Preference shares of the face value of Rs 10,00,000 the floatation cost being 5%
A company issued 10% Preference shares of the face value of Rs 10,00,000 the floatation cost being 5%. The maturity period is 5 years and the premium on redemption is 20%. Assume a 15% dividend tax is payable. Calculate the cost of the Preference shares using YTM.
Already member? Sign In