ACI
3I0-012 · Question #333
3I0-012 Question #333: Real Exam Question with Answer & Explanation
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Question
A customer gives you GBP 25,000,000.00 at 0.625% same day for 7 days. Through a broker, you place the funds with a bank for the same period at 0.6875%. Brokerage is charged at 2 basis points per annum. What is the net profit or loss on the deal?
Options
- AProfitofGBP 299.66
- BProfit of GBP 203.77
- CLossofGBP299.66
- DLoss ofGBP 203.77
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