A company forfeited 100 equity shares of ₹10 each issued at a premium of 20% for the non-payment of the final call of ₹5 including the premium. What will be the maximum amount of discount at which these shares can be reissued?

₹5 per share ₹5.5 per share ₹6 per share ₹7 per share

₹7 per share

₹7 has been received by the company so the maximum discount can be ₹7.