Question

ABC sells 100 Debentures of nominal value of Rs. 100 each of ICICI ltd. at Rs. 98 (Ex-Interest) on 1-3-2012 to XYZ. Interest @12 p.a. is to be paid half-yearly on 30th June and 31st December. Nominal value of investments sold is

Answer 1

Answer:

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Answer 2

Answer:

Nominal Value of the investments sold is Rs. 10,000.

Explanation:

Given, That ABC sells 100 Debentures of nominal value of Rs. 100 each of ICICI Ltd. The nominal value does not change by Ex-Interest(Rs 98). Interest on 30th June and 31st December will not affect the nominal value of debentures.

Given,

Nominal Value of Debentures = 100

Number of debentures sold = 100

Nominal Value of Investments Sold;

100 X 100 (shares sold X Nominal Value)             =  10,000.

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