LIBOR is for 6 months

answered on 07-Jun-24 20:36

Hi sir, here 2% is 6 months LIBOR, so while computing interest for 6 months, no need of multiplying with 6/12 right ?

latest answer

FD rate for 1 year is 8% and fd rate for 2 years is 9% so will u get 9% pa or 9% for both years combined? Pls check in any bank website for various periods / yearly interest rates Interest rates are always quoted per annum

B. Dinesh

CA Final

★ 3K+

3

35

Can We do directly?

answered on 07-Jun-24 16:57

Here they given semi annually but for current year can we do directly 14/90*100=15.55 Also while cal YTM we can any random number rather than 7.5 and 9

latest answer

Yes to both

Surya Prakash

CA Final

★ 14K+

1

38

Is reason for answer is true??

answered on 07-Jun-24 16:58

For Bond X : Macaulay Duration is 4.49yrs For Bond Y:: Macaulay Duration is 4.64yrs Can we directly select Bond A as Macaulay Duration is low

latest answer

Yes you can

Surya Prakash

CA Final

★ 14K+

1

33

capital gains

answered 2 days ago

If in the question they haven't mentioned anything about whether STT is paid or not, then what should we assume to proceed the question of capital gains?

latest answer

Not paid. Question must specify that STT is paid.

Niveta Rajkumar

CA Inter

★ 160

2

47

Calculate Machine hour rate

answered 2 days ago

Please show me the steps for getting the answer 1.74

latest answer

Thank you

Reja Fathima

CA Inter

★ 4K+

2

44

Doubt in MF question

answered on 07-Jun-24 08:39

Other fixed interest securities are given at cost in question as 2.50. Why they didn't convert that into MV? Such that 2.5*106.50/100= 2.6625

latest answer

2.5 cr is cost. But is cost at FV? Of 100? If you assume that fixed income securities were purchased at par then what u said can be assumed

Revathy N

CA Final

★ 9K+

1

36

Mutual fund

answered on 07-Jun-24 17:00

MAX (P) a mutual fund made an issue of new fund offer on 01.01.2022 of 10,00,000 units of 10 each. No entry load was charged. It made the following investments: Particulars 25,000 equity shares of PQR Ltd., 100 each @320 - 80,00,000 5% Government Securities -4,00,000 10% Non-Convertible Debentures Unlisted - 5,00,000 8% Listed Debentures - 10,00,000 During the year, dividends of 8,00,000 were received on equity shares and interest on all types of debt securities were received. On 31st December 2022 equity shares were appreciated by 15% while listed debentures were quoted at 20% premium. PQR Ltd. on 15th December 2022 in its AGM declared the interim dividend of 10% bonus shares at 1:10 with the record date of 28th December 2022. Required: (i) Calculate the Net Asset Value (NAV) as on 31st December 2022 given that the operating expenses paid during the year amounting to 3,00,000. (ii) Assess the NAV, if the mutual fund had distributed a dividend of 0.50 per unit during the year to the investors. (iii) Analyze the annualised return. Can anyone answer this question?

latest answer

Share count increases by 10% and price by 15%

Prasanna kumar Tamilarasu

CMA Final

★ 0

3

52

Real Depreciation

answered on 07-Jun-24 05:11

Hi sir, For real in part 2 we computed ideal Depreciation and for real in part 4 we took Inflation rate. Even though the requirement is same i.e. Real, why we took 2 different things sir ? In part 2 can we compute real depreciation by using US inflation rate i.e. 5% ?

latest answer

In part 4 us inflation is irrelevant as we are bothered abt returns to an Indian investor so only Indian inflation is considered- it has nothing to do with usdinr exchange rate N part 2 they have asked ideal depreciation of currency usdinr so both inflation relates have to be considered

B. Dinesh

CA Final

★ 3K+

1

32

Purchasing using LC

answered on 06-Jun-24 21:13

Hi sir, In option II 1st step is to purchase equipment using LC and 2nd step is to borrow using LC. As we already purchase equipment in step 1 itself, why do we need to borrow money again in step 2 ?

latest answer

LC / letter of credit is a document where one bank promises to another that the customer is good and the import payment will be paid on time. For this commission is paid by LC opening customer to LC issuing bank. These LCs are for specific time period - usually for credit period offered by the supplier. In the current case, the supplier is not offering any credit. But a foreign bank is offering the credit if there is an LC So what is happening here is as follows: Sun is importing from Japan from a supplier say X X needs to be paid LC is opened by sun in favor of X Sun limited pays LC charges to Indian bank for opening the LC There is something called supplier financing against LC being offered by Japanese bank Sun limit gets the borrowing from Japanese bank X limited gets paid on day 1 But LC is Open and money on LC is due on day 180 Sun pays LC dues on day 180 to Japanese bank On day 180 LC is closed

B. Dinesh

CA Final

★ 3K+

1

28

Can I also start CA After completing Mcom.

answered 2 days ago

Hello guys! Recently I completing my Mcom. and Now I want to become a CA. Could you please guide me the process after completion masters. Thanks

latest answer

Thanks for the suggestion!

Mia smith

CA Final

★ 0

5

71