Redeemable preference shares are discounted over the last:

Question

Accepted Answer

C. Five years

1. The value counted falls as maturity approaches.
2. The schedule steps down 20 per cent each year.
3. It runs over the last five years of tenor.
_Source: RBI Master Circular, Prudential Norms on Capital Adequacy, Primary (Urban) Co-operative Banks_

Answer

Eight years

Answer

Three years

Answer

Seven years

Redeemable preference shares are discounted over the last:

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