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Determine the cost of debentures

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Question 1: Indebted Ltd issued 10,000, 10% Debentures of Rs. 100 each, redeemable in 10 years time at 10% premium. The cost of issue was Rs. 35,000. The Companys Income Tax Rate is 40%. Determine the cost of debentures if they were issued.

(a) Issued at par

(b) Issued at a premium of 10%

Reference no: EM132543281

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