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If interest rates drop to 6%, the bond will continue paying out at 8%, making it a more attractive option. Investors will purchase these bonds, bidding the price up to a premium until the effective rate on the bond equals 8%. On the other hand, if interest rates rise to 10%, the 8% coupon is no longer attractive and the bond price will decrease, selling at a discount until it's effective rate is 8%.
Who is the project director of India’s Moon mission, Chandrayaan-3?
Where was the first nuclear power plant set up in India?
The magnificent Kailasa temple at Ellora was built during the reign of which Rashtrakuta king?
The Parliament of India comprises of:
In which of the following years was the Reserve Bank of India nationalized?
Rezwana Choudhury Bannya, a Padma Award recipient from Bangladesh, was recognized for her contribution to which field?
Which companies achieved unicorn status in 2023?
The book ‘An Extraordinary life’ is based on whose biography?
What is the chemical formula for the aldehyde group?
‘Calories intake standard’ for the measurement of poverty line was introduced by whom?