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Q. |
Assertion (A) : There exits inverse relationship between interest rates and bond prices. Reason (R) : A bond price represents the present discounted value of the payments agreed upon at the time when the bond was issued. Codes : |
A. | both (a) and (r) are correct, and (r) is the correct explanation of (a). |
B. | (a) is correct, but (r) is not the correct explanation of (a). |
C. | (a) is correct, but (r) is incorrect. |
D. | (a) is incorrect, but (r) is correct. |
Answer» A. both (a) and (r) are correct, and (r) is the correct explanation of (a). |
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