Q3.(A.)The Sunlight company is ranked 104th on the Fortune Global 500 list of the world's biggest corporations as of 2020.It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2018. Sunlight continues to be India's largest exporter, accounting for 9% of India's total merchandise exports with a value of Rs 157,755 crore and access to markets in 111 countries. The company is responsible for almost 5% of the government of India's total revenues from customs and excise duty. It is also the highest income tax payer in the private sector in India. In 2020, Sunlight Industries become the first Indian firm to cross Rs 9 lakh crore market valuation mark. It has become the first ever Indian company to cross Rs 10 lakh crore market capitalization. This company has issued Bond having face value of Rs.1100/- and coupon rate is 14% has a market value of Rs.1010 was purchased for Rs.940. If 8 year are remaining to maturity, calculate the yield to maturity for the Bond and suggest investor should buy this bond or not. (B.) BHARTIA TAKNIKI SANSTHAN is a global multinational corporation that provides business consulting, information technology and outsourcing services. It has its headquarters in NOIDA,(UP) India. BHARTIA TAKNIKI SANSTHAN is the Third-largest Indian IT company after Tata Consultancy Services and HCL Technogies Ltd. by 2019 revenue and 596th largest public company in the world based on revenue is issuing bond with face value of 5000RS. and has 10 years until maturity and it is carrying coupon rate of 9%. Its redemption value is 8000RS. and interest will be compounded annually. Calculate yield to maturity for the bond if it was purchased for Rs.7,000/-.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Q3.(A.)The Sunlight company is ranked 104th on the Fortune Global 500 list of the world's biggest corporations as of 2020.It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2018. Sunlight continues to be India's largest exporter, accounting for 9% of India's total merchandise exports with a value of Rs 157,755 crore and access to markets in 111 countries. The company is responsible for almost 5% of the government of India's total revenues from customs and excise duty. It is also the highest income tax payer in the private sector in India. In 2020, Sunlight Industries become the first Indian firm to cross Rs 9 lakh crore market valuation mark. It has become the first ever Indian company to cross Rs 10 lakh crore market capitalization. This company has issued Bond having face value of Rs.1100/- and coupon rate is 14% has a market value of Rs.1010 was purchased for Rs.940. If 8 year are remaining to maturity, calculate the yield to maturity for the Bond and suggest investor should buy this bond or not. (B.) BHARTIA TAKNIKI SANSTHAN is a global multinational corporation that provides business consulting, information technology and outsourcing services. It has its headquarters in NOIDA,(UP) India. BHARTIA TAKNIKI SANSTHAN is the Third-largest Indian IT company after Tata Consultancy Services and HCL Technogies Ltd. by 2019 revenue and 596th largest public company in the world based on revenue is issuing bond with face value of 5000RS. and has 10 years until maturity and it is carrying coupon rate of 9%. Its redemption value is 8000RS. and interest will be compounded annually. Calculate yield to maturity for the bond if it was purchased for Rs.7,000/-.

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