ACI
3I0-012 · Question #3
A 7% CD was issued at par, which you now purchase at 6.75%. You would expect to pay:
The correct answer is B. More than the face value. See the full explanation below for the reasoning.
Question
A 7% CD was issued at par, which you now purchase at 6.75%. You would expect to pay:
Options
- AThe face value of the CD
- BMore than the face value
- CLess than the face value
- DToo little information to decide
How the community answered
(24 responses)- A4% (1)
- B79% (19)
- C4% (1)
- D13% (3)
Community Discussion
No community discussion yet for this question.