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The percent income of a year on 6% debentures of face value of ₹100 available in the market for ₹200 is : |
3% 4% 5% 6% |
3% |
The correct answer is Option (1) → 3% The annual income is, Annual income = Coupon rate × Face value $=\frac{6}{100}×100=6$ Now, Yield = $\left(\frac{Annual\, income}{Market\,Price}\right)×100$ $=\frac{6}{200}×100=3\%$ |
