coaching Call: 1800
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
12) KBC O)
M&tg
A tnd€r is havingin its ponfotio
ar cuEe pnceod
cah I 15iatis, Tnebelaofsbe Polrforioisl;Inei3 sndesdrclped by 3.2%.
Jt)
CuEentpoifotio beia.
(ii)
Ponfolio betaafttr 3 nonthsif ther.aderon cuefi dategoosfor lon8 posinonor I l00lalhs NAy futures.
You,a foEign excnog€d*Lr of you bulr, de inJomeo oar you bankbas eld a T,T o Clpe.na€gqforDmjsh{rcna lO,@,000 at tneRte of Danisn (oer I = I 6 5t5O_you de @qunedb iovq llre ndsacnon eilbq in LoDdonc New york naket. TheEtes onthardate @ 4 underI
.*:"if
";01, {r
Y.''.
(r)
tedon-Colohagq
I ?4.3000
< 1432@
149.500
? 49.2625
DKK 1t.4200 DKK
.4350
NcwYdt-Copennrgen DKK07.56?0 DKK O7_j840 In which @k€r qili you cov€r rte rtu&tion, t4ndo! or New york, md whalwil be theexchans€ profir or l4s on ihe Eesaction?rgooEbbterages. {a2.4tor-W-zOto, r"tt. x tttesledI 50,ooo/_ at inirisl ofis in MutualFundsar! faceyalueoft tOeachler eit, Otr31_03,201 " t, a divid@dwd prd @ lO% and mnalted yield w4 t2O%.On 3t-03,2012,20* divid€nded.apital grin of I 0.60perunir wN given,Mr, X re.leemed a{ his 6271_98 uits when his eouatizedletd was71.50%over&e pqiod of nol(ling. Calculate NAv d dn3l,03_2011, 3!03 2Ot2tud 3r_03-2013. Fo. c.lcutationscoBider a y@ of 12nontls.
KBC
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
5
(3) KBC 2,
Mrks
(a) Mr. Rmis holdingthefoloMq sondtics | Parricdsof s4utd6
C6t
8
DivideDd! Mdt erPrt@ Detr
I
I
I
Goldltd
11,000
1.800
Silverl-ld.
16,000
1,000
77,2@
0.8
BroEel,td,
12,000
800
18,U00
0,6
COI Bond!
40,000
4,000
3?,500
r.0
(i)
12,000
0.6
ExFcted rate of rc1M in e&h ca6e,u5ingthe Capiat A*er lricirg
ModelrcArM) {.+lk
*'
(n) AvdagE.ateof Etm, if .isk&@ mteof Etm is 14%. (b) An Andicm lim is und.r ouigation ro lay i erestsof Ce$ 1010000.nd
8
C.n$ 705000on 31'' Jrily md 3Cf Slptenbg!!9!p!9tively. TIE Fim is risk avese dd iE policy is to hedgethe lisls inolved in all forign cuercy ttus&liom. Tne Fimce Mdager of lne nm is ilinking of hedginerherist coNid.lilg two nerhodsi.e. fixcd fosdd o. optionconrrels. ft is now luc 30,Fouowingquoralion!regddilg n0esof excheg., US$per Ce$, tom ile 6m's banl w€reobtaine.l, Spot
0.9284-09288
I Mqftrotrlrd
0_9101 KBC
CCI Online Coaching www.CAclubindia.com/coaching
3 MoDtb Fonard 0.9356 P.T.O,
Call: 1800-3000-0505 | 088803-20003
(4)
r!c lia ca$ 50000)e as
sd&
8cb
(Us$/can$)
Jtly
sepl.
Jdly
0.91
1.56
2.56
0,88
1.15
1.02)
r.Jl)
0.65
\.92
2,34
Accodiog lo the suggestionof fin ce mtuagd if op:iotu de o Deus€d, on€
'*m
ce oi ea rq!e!{i!ed cenk!!s-!!ee 9{!3!a tud lhreenond "p9!ry!{1S-E-!99e!1_q!q no i
optionar a strikep.jce of 95 cenlsbd for dE reminder unmvded by rne opliom the fia woutribee {rerisk irseli Fo. {is, ir wourduseioflard nle a ft'e beste!!i@re of spot.Ttusactioncosts jgmred. a€ Recomnd, which of tne Ebovetwo belhodswouldbe approFatefor tne anenc& 6m b ledge ih foEi8n ex.hog€ risk on lne lwo interest
AAC Ltd. is contenplalinghavingm ecess to ! m&linE 'Ihe y€escomptuyc@ havetne ue of dr€machhe fo. rhc urcu8t l€asingdaeenoi u th€€quisite dount ca be rhe nachirc. h ca6eof te6ing, ,6e cohpany @ei!€rt c
i':c
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
l0
(5) Marts
KBC
In c6e of purhase ({hich costs{ 10,00,000/-) the conpoy wouidlave a 12%, 5 yed loan to be paid in equatedinstallments,each insta!rent b4onirg dueat rhebeginnirgof e&h yed, It is esti@tedda11h€nachine cu be soldfo! a 2,OO,OOO| al theendof 5ri yed, Thecompdy usesslrtugnt line nerhodof depreciation. Coryonteraxnte h 30%,Pdt hx costof capitol
You e Eguiredto advice (i)
Whelherthetuchine r\ould beboughtor uken on lease.
(ii)
Analysethe finecial viabiliry from tlte point of view of tije l€$or a$uning t2% pos!tax costof capiul. Pvof( I @ 10%for5 y€m
PV of< I @ 12%fo.5ye.6
,909
.893
.426
.197
.751
.112
.683
.636
.621
,561
(b) M/s Atldtic Codpad, Liniled qith a tudover of i 4.80crcrcsis ex!€ctirg
6
growthof 25% ior fonhconing ye4, Av€rr8Ededit ptriod is 90 days.Tte pdt expdence lhoNs thal bad debt ldses de 1.?5% on sales.The E-o\ ab.e;i5I 6.00.000/conpdy ! adrunrrnng coJ lorcolletuog
xtc
CCI Online Coaching www.CAclubindia.com/coaching
P.T.o.
Call: 1800-3000-0505 | 088803-20003
(6)
KBc
M&tN
It ba3deided b t.ke frctding seNicesof pacificFetors o! ted! rar factd vill buy.eceivables by chdgile 2% comissio. tud 20%ns* yiti reome_ TheF&tor witt payadyuce or reeivable! io ih. fm at t6% ,n0erest nte p€r mnun .ne. wirhholding10%asresePe. CaLdate rheeffectve costof tadonng b tbe fm. (Assu@ 360 daysin !
_/,
Trulti Co. Lld, prcnoted by a Mutrinarionalgrc!! -INTERNAITONAL INC" is lhted on st@kexchtuB€holding84%i.e. 63 llkhs sh@i Profit aftd Td is I 4.80cbEs. FEe FloarM&ker Calitalizario!is { 19.20crcrcs, As pe. lhe SEBICudetin* pono1ershaveto qFicl dEn hotdingto ?5%to a!oid.tel,Ms Fofr fe shh erchtuse. Bodd or DiecroBhs de(; mL to deusttie shue bur !o comptyvith the SEBI €nidetins oy rssunSsonu6 sn@sb ninorily sh@hold4 wnib mintaining tnes@ p/E nrio,
@2 !! (i)
P/ERatio
(in) Mrl<et prie of sha€bcforeandoftertn€issue of bonusshues (iv) F@ FloatMrlet.apitalizariod oI fie mDpey aftd oE bonussh@s.
KBC
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
8
(:1)
Muks
KBC
Conpdy Limit€d is cmsid€dnga newprojeclwitn initial
(b)
8
aproduct SuryiYal, 11t estimted tnatIRRof thePloj*! h estinatedlif e-gllf gl_ Fiodcial Managerhas studiedde proj4t siti sesitlvitv salvsis $d
infodEdlllat muar naddcosrsdsidvny_|lryliy:yEreas
cosroi caei',r
(discou.tratq snsitivit/ is!04 Otner inJo@ti@ available@ :
Prcfitvolune Ratio(P/v)i! p, Vdiablecosr< 60/-ler uri AmudlCashnow t 57,500/Ignore D@r@iationon iniiial invesrnent md iopacl of ld6ri6n.
Inirial Inleshe.t of rheI'roi@t (ii)
NetPresentValu€of rhePrcj4t
(iv) Estimted mual uir of saler
CunulativeDiscoEdngFrcrd for 5 yeds
KBC
CCI Online Coaching www.CAclubindia.com/coaching
P,T.O.
Call: 1800-3000-0505 | 088803-20003
(BC 5
(YWt -_./,/
tte"t ltd, weh 10 acquie I'l/s lJopan1 ud, The balmce sheer of rrop&d L!d. 6 on 3t', Meb, 2012is asfolloqr :
t0,000 t,00,000 3,00,000
70,000
3,00,000
2,00,000 13,00,000
r,20,000
r6r0,000
16,20,000
Addiiiotrql lbformetlon :
Sheholdeft of LeopardLtd. vlll e€ron€sn@ in Tiger Ld. for every two shes, Exlernatliabititiestr. exp€.1ed to be setttedar I 5,oo,ooo. Shd€sof Tiger Ltd. woutdbe issuedat its cur€ft plice of i t5 per she. Debenturehotdes w
get 13% convdlible debemuesin th€
pwbashg coDpanyfor dr€s4e oouot. Debtorsandinv€nbnes @ expected io realizei 2i00.000. (ii)
Tiger Ltd. hasdeided 10 operaretle businessof L@pdd Lrd. as a [email protected] titeiy to give cdh fiows (afid ld) to the e(ent of I 5,00,000pei ye& foi 6 yeds. Tiger Lrd. hs plannert tna! afrer6 y€ds, rhisdjvisjoneould be demerged &d disposedof lor
l2,oo,o0o. (iii) Thecomldy,s costof capitalis l6%. KBC
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
10
(9) KBC
Ml.ks
Mate a Epon io rtreBolrd of de comptuyadvisingthen feasibilityof |his .cquisirion. Net prese value!for 16%fo! { t &e asfolows : 3
PV (b)
.462
.641
5
.552
.410
Rm buys 10,000sh@6 of X L.l at a price of I 22 Fr sbre wnosebera \alk i IJ andseth5.000shm! or A Lb a; price or { a0 ps sh@ havinga betaval@ of2. He obtainsa conptetehenge by Nihy tuturesat I t.000each.H. cl$e! our hi\ polidonor lhe Llosingpri(e of LheDelrdly wnen.rhe +ft oI X I ld. dr@pa o) 2%,$re oiA Lrd,appT(ja,rd by J.t
ed Nifrytutu* tuolFed byt j%. / Wlat is theovda,I profil / loss10Rm ?
A shue of Tdlion-iee EcononyLtd. h c@ntLy quoted pnce at a eMjngs radoof 7.5rire!, The!elai&.t €ming bejng37_5%is a pe. 3 she.
ii)
The @npanyt cosr
equity, if invelton' exp€cted!a!e of Elum is
128,
t. " . {_1f-
(n) Meket pde of shee,if aoricipated Croslnrateis t3% per ehlm with sd€ costof capilal. (in) Mrket prjce per she, if thecompmyt costof.apiral is t8% and anncipaEdgrowlh &te is 15%per munl osming othe. @nditions @aining thesdq
KBC
CCI Online Coaching www.CAclubindia.com/coaching
)q.
Call: 1800-3000-0505 | 088803-20003
(10) KBC
Your baol s Londor ofiice hassurplustundsro theeilent of USD5,OO,OO0/_ ior a priod of 3 mnths. Ite cost of the tund! io rte bant is 4% p,a. Il proposes lo invst thesetundsin hndon, N€w york or Franl$[r md obtai. fte bestyield, vnhou ant €xchdge .isk rote ban( Ihe f;owing ftt€s oi inte!€stde availableat tn€ lhreecentresfor irvestneni or dodeslic tunds lh€F at for a period qfbonth.
Frankiult
3% p,a.
Tbe ndkehat€s il Lrndo! fo. US London orNew York
{
y^'
1.5350D0 r548 30/35 80/85
r.3260/90 60t55 95/90 t45/L40 At which entre, will the investDrert |ne nwesr poud) to the b&t or dE
KBC
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
8
(11) KBC Wnt€ shonnoteson dy folr of thefoloving : =16
(a) Explaintbeconc.pl zero dateor a Prcj@f in pmjat mmagenent. (b)
XYZ Ba.t, Anster
Call: 1800-3000-0505 | 088803-20003
12) KBC O)
M&tg
A tnd€r is havingin its ponfotio
ar cuEe pnceod
cah I 15iatis, Tnebelaofsbe Polrforioisl;Inei3 sndesdrclped by 3.2%.
Jt)
CuEentpoifotio beia.
(ii)
Ponfolio betaafttr 3 nonthsif ther.aderon cuefi dategoosfor lon8 posinonor I l00lalhs NAy futures.
You,a foEign excnog€d*Lr of you bulr, de inJomeo oar you bankbas eld a T,T o Clpe.na€gqforDmjsh{rcna lO,@,000 at tneRte of Danisn (oer I = I 6 5t5O_you de @qunedb iovq llre ndsacnon eilbq in LoDdonc New york naket. TheEtes onthardate @ 4 underI
.*:"if
";01, {r
Y.''.
(r)
tedon-Colohagq
I ?4.3000
< 1432@
149.500
? 49.2625
DKK 1t.4200 DKK
.4350
NcwYdt-Copennrgen DKK07.56?0 DKK O7_j840 In which @k€r qili you cov€r rte rtu&tion, t4ndo! or New york, md whalwil be theexchans€ profir or l4s on ihe Eesaction?rgooEbbterages. {a2.4tor-W-zOto, r"tt. x tttesledI 50,ooo/_ at inirisl ofis in MutualFundsar! faceyalueoft tOeachler eit, Otr31_03,201 " t, a divid@dwd prd @ lO% and mnalted yield w4 t2O%.On 3t-03,2012,20* divid€nded.apital grin of I 0.60perunir wN given,Mr, X re.leemed a{ his 6271_98 uits when his eouatizedletd was71.50%over&e pqiod of nol(ling. Calculate NAv d dn3l,03_2011, 3!03 2Ot2tud 3r_03-2013. Fo. c.lcutationscoBider a y@ of 12nontls.
KBC
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
5
(3) KBC 2,
Mrks
(a) Mr. Rmis holdingthefoloMq sondtics | Parricdsof s4utd6
C6t
8
DivideDd! Mdt erPrt@ Detr
I
I
I
Goldltd
11,000
1.800
Silverl-ld.
16,000
1,000
77,2@
0.8
BroEel,td,
12,000
800
18,U00
0,6
COI Bond!
40,000
4,000
3?,500
r.0
(i)
12,000
0.6
ExFcted rate of rc1M in e&h ca6e,u5ingthe Capiat A*er lricirg
ModelrcArM) {.+lk
*'
(n) AvdagE.ateof Etm, if .isk&@ mteof Etm is 14%. (b) An Andicm lim is und.r ouigation ro lay i erestsof Ce$ 1010000.nd
8
C.n$ 705000on 31'' Jrily md 3Cf Slptenbg!!9!p!9tively. TIE Fim is risk avese dd iE policy is to hedgethe lisls inolved in all forign cuercy ttus&liom. Tne Fimce Mdager of lne nm is ilinking of hedginerherist coNid.lilg two nerhodsi.e. fixcd fosdd o. optionconrrels. ft is now luc 30,Fouowingquoralion!regddilg n0esof excheg., US$per Ce$, tom ile 6m's banl w€reobtaine.l, Spot
0.9284-09288
I Mqftrotrlrd
0_9101 KBC
CCI Online Coaching www.CAclubindia.com/coaching
3 MoDtb Fonard 0.9356 P.T.O,
Call: 1800-3000-0505 | 088803-20003
(4)
r!c lia ca$ 50000)e as
sd&
8cb
(Us$/can$)
Jtly
sepl.
Jdly
0.91
1.56
2.56
0,88
1.15
1.02)
r.Jl)
0.65
\.92
2,34
Accodiog lo the suggestionof fin ce mtuagd if op:iotu de o Deus€d, on€
'*m
ce oi ea rq!e!{i!ed cenk!!s-!!ee 9{!3!a tud lhreenond "p9!ry!{1S-E-!99e!1_q!q no i
optionar a strikep.jce of 95 cenlsbd for dE reminder unmvded by rne opliom the fia woutribee {rerisk irseli Fo. {is, ir wourduseioflard nle a ft'e beste!!i@re of spot.Ttusactioncosts jgmred. a€ Recomnd, which of tne Ebovetwo belhodswouldbe approFatefor tne anenc& 6m b ledge ih foEi8n ex.hog€ risk on lne lwo interest
AAC Ltd. is contenplalinghavingm ecess to ! m&linE 'Ihe y€escomptuyc@ havetne ue of dr€machhe fo. rhc urcu8t l€asingdaeenoi u th€€quisite dount ca be rhe nachirc. h ca6eof te6ing, ,6e cohpany @ei!€rt c
i':c
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
l0
(5) Marts
KBC
In c6e of purhase ({hich costs{ 10,00,000/-) the conpoy wouidlave a 12%, 5 yed loan to be paid in equatedinstallments,each insta!rent b4onirg dueat rhebeginnirgof e&h yed, It is esti@tedda11h€nachine cu be soldfo! a 2,OO,OOO| al theendof 5ri yed, Thecompdy usesslrtugnt line nerhodof depreciation. Coryonteraxnte h 30%,Pdt hx costof capitol
You e Eguiredto advice (i)
Whelherthetuchine r\ould beboughtor uken on lease.
(ii)
Analysethe finecial viabiliry from tlte point of view of tije l€$or a$uning t2% pos!tax costof capiul. Pvof( I @ 10%for5 y€m
PV of< I @ 12%fo.5ye.6
,909
.893
.426
.197
.751
.112
.683
.636
.621
,561
(b) M/s Atldtic Codpad, Liniled qith a tudover of i 4.80crcrcsis ex!€ctirg
6
growthof 25% ior fonhconing ye4, Av€rr8Ededit ptriod is 90 days.Tte pdt expdence lhoNs thal bad debt ldses de 1.?5% on sales.The E-o\ ab.e;i5I 6.00.000/conpdy ! adrunrrnng coJ lorcolletuog
xtc
CCI Online Coaching www.CAclubindia.com/coaching
P.T.o.
Call: 1800-3000-0505 | 088803-20003
(6)
KBc
M&tN
It ba3deided b t.ke frctding seNicesof pacificFetors o! ted! rar factd vill buy.eceivables by chdgile 2% comissio. tud 20%ns* yiti reome_ TheF&tor witt payadyuce or reeivable! io ih. fm at t6% ,n0erest nte p€r mnun .ne. wirhholding10%asresePe. CaLdate rheeffectve costof tadonng b tbe fm. (Assu@ 360 daysin !
_/,
Trulti Co. Lld, prcnoted by a Mutrinarionalgrc!! -INTERNAITONAL INC" is lhted on st@kexchtuB€holding84%i.e. 63 llkhs sh@i Profit aftd Td is I 4.80cbEs. FEe FloarM&ker Calitalizario!is { 19.20crcrcs, As pe. lhe SEBICudetin* pono1ershaveto qFicl dEn hotdingto ?5%to a!oid.tel,Ms Fofr fe shh erchtuse. Bodd or DiecroBhs de(; mL to deusttie shue bur !o comptyvith the SEBI €nidetins oy rssunSsonu6 sn@sb ninorily sh@hold4 wnib mintaining tnes@ p/E nrio,
@2 !! (i)
P/ERatio
(in) Mrl<et prie of sha€bcforeandoftertn€issue of bonusshues (iv) F@ FloatMrlet.apitalizariod oI fie mDpey aftd oE bonussh@s.
KBC
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
8
(:1)
Muks
KBC
Conpdy Limit€d is cmsid€dnga newprojeclwitn initial
(b)
8
aproduct SuryiYal, 11t estimted tnatIRRof thePloj*! h estinatedlif e-gllf gl_ Fiodcial Managerhas studiedde proj4t siti sesitlvitv salvsis $d
infodEdlllat muar naddcosrsdsidvny_|lryliy:yEreas
cosroi caei',r
(discou.tratq snsitivit/ is!04 Otner inJo@ti@ available@ :
Prcfitvolune Ratio(P/v)i! p, Vdiablecosr< 60/-ler uri AmudlCashnow t 57,500/Ignore D@r@iationon iniiial invesrnent md iopacl of ld6ri6n.
Inirial Inleshe.t of rheI'roi@t (ii)
NetPresentValu€of rhePrcj4t
(iv) Estimted mual uir of saler
CunulativeDiscoEdngFrcrd for 5 yeds
KBC
CCI Online Coaching www.CAclubindia.com/coaching
P,T.O.
Call: 1800-3000-0505 | 088803-20003
(BC 5
(YWt -_./,/
tte"t ltd, weh 10 acquie I'l/s lJopan1 ud, The balmce sheer of rrop&d L!d. 6 on 3t', Meb, 2012is asfolloqr :
t0,000 t,00,000 3,00,000
70,000
3,00,000
2,00,000 13,00,000
r,20,000
r6r0,000
16,20,000
Addiiiotrql lbformetlon :
Sheholdeft of LeopardLtd. vlll e€ron€sn@ in Tiger Ld. for every two shes, Exlernatliabititiestr. exp€.1ed to be setttedar I 5,oo,ooo. Shd€sof Tiger Ltd. woutdbe issuedat its cur€ft plice of i t5 per she. Debenturehotdes w
get 13% convdlible debemuesin th€
pwbashg coDpanyfor dr€s4e oouot. Debtorsandinv€nbnes @ expected io realizei 2i00.000. (ii)
Tiger Ltd. hasdeided 10 operaretle businessof L@pdd Lrd. as a [email protected] titeiy to give cdh fiows (afid ld) to the e(ent of I 5,00,000pei ye& foi 6 yeds. Tiger Lrd. hs plannert tna! afrer6 y€ds, rhisdjvisjoneould be demerged &d disposedof lor
l2,oo,o0o. (iii) Thecomldy,s costof capitalis l6%. KBC
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
10
(9) KBC
Ml.ks
Mate a Epon io rtreBolrd of de comptuyadvisingthen feasibilityof |his .cquisirion. Net prese value!for 16%fo! { t &e asfolows : 3
PV (b)
.462
.641
5
.552
.410
Rm buys 10,000sh@6 of X L.l at a price of I 22 Fr sbre wnosebera \alk i IJ andseth5.000shm! or A Lb a; price or { a0 ps sh@ havinga betaval@ of2. He obtainsa conptetehenge by Nihy tuturesat I t.000each.H. cl$e! our hi\ polidonor lhe Llosingpri(e of LheDelrdly wnen.rhe +ft oI X I ld. dr@pa o) 2%,$re oiA Lrd,appT(ja,rd by J.t
ed Nifrytutu* tuolFed byt j%. / Wlat is theovda,I profil / loss10Rm ?
A shue of Tdlion-iee EcononyLtd. h c@ntLy quoted pnce at a eMjngs radoof 7.5rire!, The!elai&.t €ming bejng37_5%is a pe. 3 she.
ii)
The @npanyt cosr
equity, if invelton' exp€cted!a!e of Elum is
128,
t. " . {_1f-
(n) Meket pde of shee,if aoricipated Croslnrateis t3% per ehlm with sd€ costof capilal. (in) Mrket prjce per she, if thecompmyt costof.apiral is t8% and anncipaEdgrowlh &te is 15%per munl osming othe. @nditions @aining thesdq
KBC
CCI Online Coaching www.CAclubindia.com/coaching
)q.
Call: 1800-3000-0505 | 088803-20003
(10) KBC
Your baol s Londor ofiice hassurplustundsro theeilent of USD5,OO,OO0/_ ior a priod of 3 mnths. Ite cost of the tund! io rte bant is 4% p,a. Il proposes lo invst thesetundsin hndon, N€w york or Franl$[r md obtai. fte bestyield, vnhou ant €xchdge .isk rote ban( Ihe f;owing ftt€s oi inte!€stde availableat tn€ lhreecentresfor irvestneni or dodeslic tunds lh€F at for a period qfbonth.
Frankiult
3% p,a.
Tbe ndkehat€s il Lrndo! fo. US London orNew York
{
y^'
1.5350D0 r548 30/35 80/85
r.3260/90 60t55 95/90 t45/L40 At which entre, will the investDrert |ne nwesr poud) to the b&t or dE
KBC
CCI Online Coaching www.CAclubindia.com/coaching
Call: 1800-3000-0505 | 088803-20003
8
(11) KBC Wnt€ shonnoteson dy folr of thefoloving : =16
(a) Explaintbeconc.pl zero dateor a Prcj@f in pmjat mmagenent. (b)
XYZ Ba.t, Anster
