What would be the today's price of a irredeemable debenture which has a face value of Rs.1500/= and coupon rate of 13% per annum. Assuming discounting factor to be 10%.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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What would be the today's price of a irredeemable debenture which has a face value of
Rs.1500/= and coupon rate of 13% per annum. Assuming discounting factor to be 10%.
Transcribed Image Text:What would be the today's price of a irredeemable debenture which has a face value of Rs.1500/= and coupon rate of 13% per annum. Assuming discounting factor to be 10%.
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