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Question 55 Study Material A company issued 10,000, 10% debentures of 100 each at par...

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Question 55 Study Material A company issued 10,000, 10% debentures of 100 each at par on 1.4.2012 to be matured on 1.4.2022. The company wants to know the cost of its existing debt on 1.4.2017 when the market price of the debentures is * 80. COMPUTE the cost of existing debentures assuming 35% tax rate

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