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What is the face value of a sinking fund that yields a dividend of ₹1800 at 10% semi-annually?

a) ₹ 3600

b) ₹18000

c) ₹ 24000

d) ₹ 36000

1 Answer

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Best answer

Correct option is d) ₹ 36000

Let the face value of the bond = x

Then, \(\frac{10}{200}x\) = 1800 ⇒ x = 36000

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