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Q1 Comment on the following: Axis Bank offers personal loans at 13

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Q1 Comment on the following: Axis Bank offers personal loans at 13.8 percent per year compounded monthly. Unity Bank offers similar loans at 14 percent per year compounded semi-annually. I can compare the two interest rates directly and choose Axis Bank.

Q2 Discuss if the following statement is true or false The call premium of a bond is generally greater than zero.