ACI
3I0-012 · Question #1
A CD with a face value of EUR 10,000,000.00 and a coupon of 3% was issued at par for 182 days and is now trading at 3.10% with 120 days remaining to maturity. What has been the capital gain or loss…
The correct answer is C. -EUR 3,827.67. See the full explanation below for the reasoning.
Question
A CD with a face value of EUR 10,000,000.00 and a coupon of 3% was issued at par for 182 days and is now trading at 3.10% with 120 days remaining to maturity. What has been the capital gain or loss since issue?
Options
- A-EUR 52,161.00
- B-t-EUR 47,839.00
- C-EUR 3,827.67
- DNil
How the community answered
(28 responses)- A4% (1)
- B4% (1)
- C86% (24)
- D7% (2)
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