Question

Hero Ltd. issued 15,000, 9% Debentures of ₹ 100 each at a premium of 20%. The prefix '9%' is ______.

विकल्प

• rate of TDS.

• rate of Dividend.

• rate of Interest payable on debentures.

• rate of Tax.

Answer 1

Hero Ltd. issued 15,000, 9% Debentures of ₹ 100 each at a premium of 20%. The prefix '9%' is rate of interest payable on debentures.

Explanation:

The prefix 9% indicates the fixed rate of interest payable annually on the face value of the debentures.