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14:- Z Ltd. issues 1,00,000 14% debentures after 5 years at Rs.110 each. The commission payable to underwriters and brokers is 10% and the applicable

14:- Z Ltd. issues 1,00,000 14% debentures after 5 years at Rs.110 each. The commission payable to underwriters and brokers is 10% and the applicable tax rate is 45%. Calculate the cost of debt. a) O 12% b) 11.70% c) 13.50% d) 14%

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