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Debentures of Rs. 3,00,000 mature in January 2018. The investment needed by April 30, 2017 is
ARs. 30,000
BRs. 45,000
CRs. 15,000
DRs. 60,000
Answer & Solution
Correct answer: B. Rs. 45,000
15 percent of Rs. 3,00,000 equals Rs. 45,000.
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