Question
What is the value of the bond whose Face value is
Rs.1000 having a coupon rate of 10% when the required rate of return is 14%?Solution
Here the required rate of return or market interest rate of 14% is more than the coupon rate of 10% on the bond. As such, the price of the bond will be at a discount and lower than its face value.
If the profit is 25% of the cost price, then it is:
An implied contract is created by the:
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Commuted pension, exempt for other than government employees (who do not receive gratuity), is under section _______.
Match the following columns regarding the posting of Profit and Loss Account items.
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The person responsible for paying any income by way of winnings from lottery an amount exceeding ₹ 10,000, shall deduct
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