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Debentures of Rs 100 call for Rs 50 on application and Rs 60 on allotment. What is the issue price?
ARs 100
BRs 120
CRs 160
DRs 110
Answer & Solution
Correct answer: D. Rs 110
Rs 50 plus Rs 60 comes to Rs 110, which is Rs 10 above the face value.
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