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Commerce · Q1188

Accounting

Graduate and Post Graduate · Commerce · question 1188

Q1188

A company wants to redeem 9% 450 debentures of the face value of Rs. 100 per debenture at a premium of 10%. How many shares of the face value of Rs. 10 is to be issued if they are issued at a premium of 10%:

A.
4,000 share
B.
4,500 share
Answer
C.
5,000 share
D.
5.500 share

Answer: Option B

Solution

Answer: Option B
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