Section A (1 Mark)
___________ is a measure of the ratio between the net income produced by an assets (usually real estate) and its capital cost.

Section C (4 Mark)
Mr. XYZ is bullish about ABC Ltd stock. He buys ABC Ltd. at current market price of Rs. 4000 on 4th July.
To protect against fall in the price of ABC Ltd. (his risk), he buys an ABC Ltd. Put option with a strike price Rs. 3900 (OTM) at a premium of Rs. 143.80 expiring on 31st July.
What would be the Net Payoff of the Strategy?
* If ABC Ltd closes at 3458
* If ABC Ltd closes at 4352

Section A (1 Mark)
Mr. X, partner of M/s XYZ, is assessable as

Section A (1 Mark)
Customer service facilitation includes EXCEPT:

Section B (2 Mark)
A bond has a market value of Rs100,000 and a duration of 9.42. What is the price value of a basis point?