UTI Bank Ltd. has outstanding 50,000, 5% Debentures of Rs 100 each red – InterviewSolution

1.	UTI Bank Ltd. has outstanding 50,000, 5% Debentures of Rs 100 each redeemable at a premium of Rs 10 each. These debentures are to be redeemed. Amount that should be invested in Debenture Redemption Reserve isA. Rs 7,50,000B. Rs 5,00,000C. Rs 50,000D. Nil
Answer» Correct Answer - D

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