The correct answer is D. all of the above.
A company can re-issue its forfeited shares at a premium, face value, or a discount.
A premium is a price that is higher than the face value of a share. A face value is the value that is printed on the face of a share. A discount is a price that is lower than the face value of a share.
A company may choose to re-issue its forfeited shares at a premium, face value, or a discount depending on a number of factors, such as the current market conditions and the company’s financial situation.
For example, if the market conditions are favorable, the company may choose to re-issue its forfeited shares at a premium. This will allow the company to raise more money than it would if it re-issued the shares at face value or a discount.
If the company’s financial situation is not good, the company may choose to re-issue its forfeited shares at a discount. This will allow the company to raise some money, even though the shares will be sold at a lower price than their face value.
Ultimately, the decision of whether to re-issue forfeited shares at a premium, face value, or a discount is up to the company’s board of directors.