Question
The price at which issuing company may repurchase the
bond before maturity is known as?Solution
Redemption value is the price at which the issuing company may choose to repurchase a security before its maturity date. A bond is purchased "at a discount" if its redemption value exceeds its purchase price. It is purchased "at a premium" if its purchase price exceeds its redemption value.
Which type of share is issued by a company to its existing shareholders without receipt of any consideration from shareholders for issuance of such share?
As laid down under the Insurance Act the term Court encompasses___________
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