The current yield on this debenture will be (i) 13.5% (ii) 15% (iii) 11.11% (iv) 10%

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Posted by:
Vinod Jetley
03-October-2014

<p>A debenture of Rs.100 carrying15% coupon rate is quoted in the market at Rs.135/-.</p>

Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2014/10/03

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2 Answers

by Vinod Jetley , Assistant General Manager , State Bank of India

(iii)11.11%

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Mohammed Mohammed

by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store

11.11% is correct

Yield =15/135*100=11.11%

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