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Answer to Q33

It's dark. You have ten grey boxes and ten blue boxes and you want a pair of the same colour. All boxes are exactly the same except for their colour. How many boxes would you need to take with you to ensure you had at least a pair?

To ensure you select a pair of boxes of the same colour, the total number of boxes you need to select is 3 because with 3 boxes you get 3 grey boxes or 3 blue boxes or 2 grey boxes and 1 blue box or 1 grey box and 2 blue boxes. Either ways, you have atleast 2 boxes of same colour

Answer: 3



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Answer to Q33

It's dark. You have ten grey boxes and ten blue boxes and you want a pair of the same colour. All boxes are exactly the same except for their colour. How many boxes would you need to take with you to ensure you had at least a pair?

To ensure you select a pair of boxes of the same colour, the total number of boxes you need to select is 3 because with 3 boxes you get 3 grey boxes or 3 blue boxes or 2 grey boxes and 1 blue box or 1 grey box and 2 blue boxes. Either ways, you have atleast 2 boxes of same colour

Answer: 3

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Telegram hopes to raise $1bn with a convertible bond private placement

The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.

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