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      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)┬а = 300,000/ (100 x 104.5%) = 2870┬а

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