Question
A company issues ₹10 crore worth of bonds at a coupon
rate of 8% annually, while the market interest rate is 10%. The bonds are sold at a discount. What is the most likely reason behind this pricing?Solution
When the coupon rate is lower than the prevailing market rate, the bond must be offered at a discount to attract investors.
Which one of the following is not a method of estimating the National Income of a country?
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Statements:
1. The RBI formulates...
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ii. Development Wing
iii. Team I...
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Which one of the following pairs is correctly matched?
