6.28 South India Corporation has to retire Rs. 10 million of debentures each at the end of...
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6.28 South India Corporation has to retire Rs. 10 million of debentures each at the end of 8, 9, and 10 years from now. How much should the firm deposit in a sinking fund account annually for 5 years, in order to meet the debenture retirement need? The net interest rate earned is 8 percent.
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