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.
A worker completes 6 tasks at an average rate of 5 tasks per day. If he needs to complete an average of 8 tasks per day over 12 days, what should be his...
Average of three consecutive numbers is 91. Find the sum of smallest and largest number.
Average of 8 numbers is 70. If average of first four and last two numbers is 50 and 60, respectively then find the fifth number given that ratio of fift...
Average of 8 numbers is 18. If 26 is replaced by 14, find the new average.
The average of two consecutive even numbers is 81. If the smaller number is increased by 15% and the larger number is decreased by 15%, then find the di...
The average of 5 numbers is 32. The sum of four of them is 120. What is the fifth number ?
A man can row 32 km upstream and 60 km downstream in 8 hours. He can also row 40 km upstream and 48 km downstream in 6 hours. Find the speed of the man ...
Deepak spends an average of Rs. 520 on Sundays and Rs. 340 on the remaining days. Find his average spending in a 30-day month starting with Sunday.
The average monthly fee of all 45 students in a class is Rs. 9,500. After an increment, the new monthly average fee of each student becomes Rs. (9500 + ...
The average of 4, 6, 8, 12 and x is 7 and the average of x, 9, 13, 15 and y is 9. What is the value of 2x – 3y?
