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A company issued 10,000, 10% debentures of 100 each at a premium of 10% on 1.4.2017 to be matured on 1.4.2022. The debentures will be

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A company issued 10,000, 10% debentures of 100 each at a premium of 10% on 1.4.2017 to be matured on 1.4.2022. The debentures will be redeemed on maturity. Compute the cost of debentures assuming 35% as tax rate

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