Discussion Forum : Issue And Redemption Of Debentures
Question -
A company issue 5,000 12% debentures of Rs. 100 each at par, payabale as follows:
On Application : 20
On Allotment : 80
How much money is received in allotment stage if all the moneys are duly received?
Answer: Option D
:
D
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:
D
Allotment money received = 5,000 * 80 = 4,00,000
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