A company$$s debentures of the face value of Rs $100$ bear an $8$ per cent coupon rate. Debentures of this type currently yield $10$ per cent. What is the market price of debentures of the company?

Question $3$Answer

a$.$

Rs$\mathrm{.}70$

b$.$

Rs$\mathrm{.}90$

c$.$

Rs$\mathrm{.}80$

d$.$

Rs$\mathrm{.}88$