Practicing Success
A manufacturing company has 15000, 10% Non Convertible Debentures of Rs 100 each. How much amount of DRI should be invested before the redemption of Debentures begins? |
₹15,00,000
₹2,25,000
₹3,75,000
₹1,50,000
|
₹2,25,000 |
"Required DRI 15% of 15,00,000 = 2,25,000" |