Y Ltd. wishes to redeem its redeemable preference shares of 2,00,000 at a premium of 20%. For
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Y Ltd. wishes to redeem its redeemable preference shares of ₹2,00,000 at a premium of 20%. For this purpose, it has decided to make a fresh issue of ₹100 shares at 10% premium and utilize the profits of ₹42,000 available for dividend. You are required to calculate the minimum fresh issue of shares that the company has to make to the public.
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To calculate the minimum fresh issue of shares that Y Ltd needs to make in order to redeem its redee...View the full answer
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