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    5. Priya has Rs.300,000 which she wants to invest in bonds having nominal value of Rs.100 and dirty pri

    Question

    Priya has Rs.300,000 which she wants to invest in bonds

    having nominal value of Rs.100 and dirty price of Rs.104.5%. With her money, how many bonds can Priya buy?
    A 2870 Correct Answer Incorrect Answer
    B 3000 Correct Answer Incorrect Answer
    C 3135 Correct Answer Incorrect Answer
    D 2500 Correct Answer Incorrect Answer
    E Cannot be calculated Correct Answer Incorrect Answer

    Solution

    Number of bonds = Funds / (Nominal value of the bond x Dirty price)  = 300,000/ (100 x 104.5%) = 2870 

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