ACI
3I0-012 · Question #158
What are the secondary market proceeds of a CD with a face value of EUR 5,000,000.00 and a coupon of 3% that was issued at par for 182 days and is now trading at 3% but with only 7 days remaining to…
The correct answer is D. EUR 5,072,874.16. See the full explanation below for the reasoning.
Question
What are the secondary market proceeds of a CD with a face value of EUR 5,000,000.00 and a coupon of 3% that was issued at par for 182 days and is now trading at 3% but with only 7 days remaining to maturity?
Options
- AEUR 4,997,085.03
- BEUR 5,000,000.00
- CEUR 5,071,086.45
- DEUR 5,072,874.16
How the community answered
(30 responses)- A3% (1)
- B3% (1)
- C10% (3)
- D83% (25)
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