A company has issued debentures of 50 lakh to be repaid after 7 years. how should the company invest in a sinking fund earning 12%in order to pay debentures
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A company has issued debentures of Rs 50 Lakhs to be ... should the company invest in a sinking fund earning 12% ...
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Explanation:
pv =fv/cvaf(r,n i.e 12%,7)
=5000000÷10.089
=495589
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