Omega Enterprises issued 10 year 9% preference shares four years ago. The preference shares which has a face value of Rs. 100 is currently selling for Rs. 92. What is the cost of preference shares

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Omega Enterprises issued 10 year 9% preference shares
four years ago. The preference shares which has a face
value of Rs. 100 is currently selling for Rs. 92. What is
the cost of preference shares
Transcribed Image Text:Omega Enterprises issued 10 year 9% preference shares four years ago. The preference shares which has a face value of Rs. 100 is currently selling for Rs. 92. What is the cost of preference shares
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