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Debentures of Rs 4,00,000 mature next year. What is the minimum investment due by April 30?
ARs 40,000
BRs 60,000
CRs 1,00,000
DRs 80,000
Answer & Solution
Correct answer: B. Rs 60,000
Fifteen percent of Rs 4,00,000 is Rs 60,000.
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