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The annual yield percent on 12% debentures of face value ₹100 each and available at ₹75 each is : |
18% 12% 16% 20% |
16% |
The correct answer is Option (3) → 16% Face value = Rs. 100 Market price = Rs. 75 Interest = 12% of face value = Rs. 12 $\text{Yield Percentage} = \frac{\text{Interest}}{\text{Market Price}}×100$ $=\frac{12}{75}×100=0.16=16\%$ |
