Question

How long is the tenure of the Reliance Infrastructure NCOs in which LIC invested?

a.

5 years

b.

8 years

c.

10 years

d.

11 years

Answer: (b).8 years Explanation:The Rs. 600-crore NCO issue of Reliance Infrastructure, in which LIC invested, bears a coupon rate of 11.75% p.a. for an 8-year period.

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Q. How long is the tenure of the Reliance Infrastructure NCOs in which LIC invested?

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