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Commerce Short Question | Gkseries

Q.

A company has issued 10 percent perpetual debt of ` 1 lac at 5 percent premium. If tax rate is 30 percent, then the cost of debt will be :

[A] 10 percent
[B] 15 percent
[C] 6.66 percent
[D] 8.21 percent
Answer & Explanation

Answer: 6.66 percent

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