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Question
Hero Ltd. issued 15,000, 9% Debentures of ₹ 100 each at a premium of 20%. The prefix '9%' is ______.
Options
rate of TDS.
rate of Dividend.
rate of Interest payable on debentures.
rate of Tax.
MCQ
Fill in the Blanks
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Solution
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.
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