Practicing Success
The purchase price P of a ₹50,000, 6% bond, dividends payable semi-annually, redeemable at par in 10 years, if the yield is to be 5% compounded semi-annually. Then P is equal : [Given $(1.025)^{-20}=0.61027094]$ |
₹35897.29 ₹53897.29 ₹53789.29 ₹58973.29 |
₹53897.29 |