Exit 3I0-008 ACI Dealing Certificate
Question 1 of 5
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Q1 Single choice

Click on the Detail Button to view the Formula Sheet. A CD with a face value of USD 250 million was issued at par with a coupon of 5% for 91 days. You buy it in the secondary market when it has 30 days remaining to maturity and is trading at 5.25%.

How much do you pay?

  • A

    USD 252,056,972.97

  • B

    USD 252,028,916.32

  • C

    USD 250,000,000.00

  • D

    USD 248,911,014.31

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