Question:
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.
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.
Updated On: Sep 23, 2024
- \(700\) Debentures
- \(500\) Debentures
- \(10,000\) Debentures
- \(4,000\) Debentures
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The Correct Option is B
Solution and Explanation
The correct option is (B) :\(500\) Debentures
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