ACI
3I0-012 · Question #2
You have taken 3-month (92 days) deposits of CAD 12,000,000.00 at 1.10% and CAD 6,000,000.00 at 1.04%. Minutes later, you quote 3-month CAD 1.09-14% to another bank. The other dealer takes the CAD…
The correct answer is D. CAD 2,760.00. See the full explanation below for the reasoning.
Question
You have taken 3-month (92 days) deposits of CAD 12,000,000.00 at 1.10% and CAD 6,000,000.00 at 1.04%. Minutes later, you quote 3-month CAD 1.09-14% to another bank. The other dealer takes the CAD 18,000,000.00 at your quoted price. What is your profit or loss on this deal?
Options
- ACAD 2,722.19
- BCAD 460.00
- CCAD 3,220.00
- DCAD 2,760.00
How the community answered
(35 responses)- A17% (6)
- B3% (1)
- C9% (3)
- D71% (25)
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