ent of Q.6 A company has issued 20 million worth of non-convertible debentures, each at a face value of 100 at the rate of 12%. Each debenture is redeemable at a premium of 5%, after 10 years. If the net amount realized is 95 and tax rate is 40%, the cost per debenture will be (b) 6.6% (d) 8.2% (a) 5.8% (c) 7.4% [ESE-2020]