Cost of Redeemable Preference Share Capital is: ?

<p><strong>(a) Rate of Dividend,</strong></p> <p><strong>(b) After Tax Rate of Dividend,</strong></p> <p><strong>(c) Discount Rate that equates PV of inflows and out-flows relating to capital,</strong></p> <p><strong>(d) None of the above.</strong></p> <p><strong> </strong></p> <p><strong> </strong></p>