Question
A company issues a 10-year callable bond with a 9%
coupon. After 5 years, market interest rates fall to 6%. What is the most likely action the issuer will take, and why?Solution
A callable bond gives the issuer the right to repay early. If interest rates fall, the issuer can call the bond and issue new bonds at lower rates, reducing interest costs.
Which of the following Articles of the Indian Constitution is related to the uniform civil code?
The concept of ‘Directive Principles of State Policy’ in the Indian Constitution is borrowed from which country’s constitution.
Which article of the Indian Constitution deals with the formation of new states and alteration of areas, boundaries, or names of existing states?
The minimum period permissible between two sessions of Parliaments is
According to Article 100 of the Indian Constitution, what fraction of members constitutes the quorum for meetings of either House of Parliament?
Article 27 of the Constitution describes
Which Constitutional Amendment Act revised Article 312 (1) of the Indian Constitution to empower Parliament to create All-India Services?
Who was the first woman President of India?
Who is known as the 'Iron Man of India'?
Which article in Constitution of India deals with the Right of minorities to establish and administer educational institutions?
