Question
A bond with face value ₹1,000 pays annual coupon 9%.
Market yield for similar risk is 12%. Approximate bond price (one-year discounting for perpetuity ignored — assume bond has long life) — which direction and why?Solution
When the coupon rate is less than the market yield (required rate of return), the bond is less attractive and thus sells at a discount to its face value.
Find the area of a rhombus whose diagonals are 48m and 64m long.
Which of the following is not one of the Global Navigation Satellite System ( GNSS ).
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Who has been recently elected as new president of Nigeria?
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______ state ranks the highest state in terms of highly populated according to the census 2011?
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Who launched the 'Digital Prayaas' initiative to provide loans to entrepreneurs from low income groups?
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