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Q. What do you mean by Treasury Bills?
Treasury bills (TBs) are short-term government securities. The usual practice in India is to sell treasury bills at a discount and redeem them at par on maturity. The difference between the issue price and the redemption price adjusted for the time value of money, is return on treasury bills, they can be through and sold any time; thus, they have liquidity. Also, they do not have the default risk.
Evolution of Hedge Funds: The establishment of the first Hedge Fund in the United States in the year 1949 by Alfred W. Jones marked the evolution of Hedge Fund industry. It was
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#questThe managing directors of three profitable listed companies discussed their companies'' dividend policies at a business lunch. Company A; has deliberately paid no dividends
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