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. |