Start learning 50% faster. Sign in now
Day count convention refers to the method used for arriving at the holding period (number of days) of a bond to calculate the accrued interest. As the use of different day count conventions can result in different accrued interest amounts, it is appropriate that all the participants in the market follow a uniform day count convention. For example, the conventions followed in Indian market are given below. Bond market: The day count convention followed is 30/360, which means that irrespective of the actual number of days in a month, the number of days in a month is taken as 30 and the number of days in a year is taken as 360. Money market: The day count convention followed is actual/365, which means that the actual number of days in a month is taken for number of days (numerator) whereas the number of days in a year is taken as 365 days. Hence, in the case of T-Bills, which are essentially money market instruments, money market convention is followed.
For a system of particles, the center of mass moves:
The velocity of heat radiation in a vacuum is?
What is the phenomenon of bending of light around corners called?
The dimension of which of the following is the same as that of impulse?
The moment of inertia of a hollow sphere of mass M and radius R about its diameter
If two bodies of different masses, initially at rest, are acted upon by the same force for the same time, then the both bodies acquire the same -
An athlete can jump farther by running before jumping due to which type of inertia?
A decibel is –
A beam of light consisting of two wavelengths, 600 nm and 420 nm, is used to obtain interference fringes in a Young’s double-slit experiment. Find...
Which atmospheric layer contains ozone layer?