The following is an extract from the balance sheet of Comp pic as at 31.3.X6

What is the par value of each share?
What is the book value of each share?
What is the interest payable per annum onThe debentures?
If the interest rate in the market for debentures similar to those of Comp pic was higher than 5% would the market price of Comp's debentures in the market place be higher or lower than £1?

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m Ordinary shares 1 Share premium account 20 5 Retained profits 12 5% debentures 1 8