New Enroll in RBI Grade B New Batch - Starts on May 21

    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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