India Steel Ltd., issued 6,000 12% Debentures of Rs. 100 each at par, redeemab

Question -

India Steel Ltd., issued 6,000 12% Debentures of Rs. 100 each at par, redeemable at 5% premium. What is the amount of premium?

Options:

A . Rs 20,000

B . Rs 50,000

C . Rs 25,000

D . Rs 30,000

Answer: Option D
:
D

Premium = 6000 $\times$ 100 $\times$ 5 % = Rs 30,000.

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