ACI
3I0-012 · Question #282
A CD with a face value of USD 250,000,000.00 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%…
The correct answer is A. USD 252,056,972.97. See the full explanation below for the reasoning.
Question
A CD with a face value of USD 250,000,000.00 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?
Options
- AUSD 252,056,972.97
- BUSD 252,028,916.32
- CUSD 250,000,000.00
- DUSD 248,911,014.31
How the community answered
(31 responses)- A81% (25)
- B3% (1)
- C10% (3)
- D6% (2)
Community Discussion
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