Mr. X bought a bond at 1000 at a 10% coupon rate. But he intends to sell the bond after a year to Mr. Y. Mr. Y purchased the bond at 986. At the end of the second year, Mr. Y got the interest income on his bond. What is his (Y) current yield?
Current Yield = interest income/current price of a bond Interest Income = 1000@ 10% = 100 Current Market price = 986 Current Yield = 10.14%
What did the couple do after six months?
What is the tone of the passage according to you?
The company's CEO decided to ____________ the new marketing campaign due to budget constraints, even though it showed promising results in initial test...
What factors have prompted the monetary authorities to predict that the “improving inflation outlook” gives them comfort to continue to keep...
Which of the following words is the most opposite in meaning to the word ‘coercive’ as used in the passage?
What are banks accountable for?
Which of the following is most similar in meaning to the word ‘procurement’ as used in the passage?
Which of the following statements is definitely true according to the passage?
A. The final count for state has recently been completed.
Why did the other judges possibly revolt against the CJI according to the passage?
Which of the following is a synonym of the word ‘vital’?
