Z Ltd. invited application for issue of 10,000, 9% Debentures of ₹100 each. Application were received for 14,000 Debentures. Company alloted debentures to all the applicants on pro-rata basis. Calculate the number of 9% Debentures that would be issued to Mr Ravi who had applied for 700 debentures. |
700 Debentures 500 Debentures 10,000 Debentures 4,000 Debentures |
500 Debentures |
The correct answer is Option (2) - 500 Debentures. Application issued = 10000 Ravi applied for 700 debentures |