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Observed yield on strips can be used to construct an actual spot rate curve, but it is not free from drawbacks. There are some problems with this; first, the liquidity of the strips market is not as much as that of the Treasury coupon market. The second drawback is related to the tax treatment. The tax treatment of strips and treasury coupon is quite different. In strips, accrued interest is taxed even though the investor receives it in cash.
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Preferred Stock This is a category of capital stock that will gives its holders preference over common stockholders in the distribution of earnings or rights to the assets o
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Meaning of Capital Budgeting Decisions relating to irreversible commitment of funds to projects whose profits are to be reaped over a time span longer than the current account
a) Distinguish among standard costing and budgetary control. (b)"Calculation of variances in standard costing is not an end in itself, but a means to an end" Brief discussion
EXPLAIN FIVE SECURITIES TRADED IN NSE
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