Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A company has issued a bond having the face value ₹4,000, carrying a coupon rate of 12% to be paid semi-annually. If the bond is maturing in 10 years then the semi-annually dividend payment (in ₹) is :

Options:

360

280

240

480

Correct Answer:

240