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X Ltd. issued Rs.10,00,000 12% debentures of Rs. 100 each. Assuming that the debentures were issued (a) at par; (b) at a premium of 20%

X Ltd. issued Rs.10,00,000 12% debentures of Rs. 100 each. Assuming that the debentures were issued (a) at par; (b) at a premium of 20% and (c) at a discount of 10%, calculate the net effective rate of interest on debentures.

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