15 10 = 30%) 18. Ram & Co., Limited wishes to issue 10,000 10% Debentures of 100 each for which the company will be required to incur the following expenses: Underwriting Commission Brokerage Printing and other expenses 0.5% * 15,000 Debentures are redeemable after 10 years. Calculate the cost of debt capital (before tax) assuming that debentures are issued at (i) par, (ii) discount and (iii) 10% premium. [Ans. (i) 10.61%, (ii) 12.26%, (iii) 9.13%) 19. A company issued 10,000 ten years 8% debentures of 100 each at a dia terms of debentures trust, these debentures ar at of issue is 2% Cal