ACI
3I0-012 · Question #366
Convert 8.25% quoted on a semi-annually compounded money market basis for USD to the equivalent annually-compounded bond basis.
The correct answer is C. 8.54%. See the full explanation below for the reasoning.
Question
Convert 8.25% quoted on a semi-annually compounded money market basis for USD to the equivalent annually-compounded bond basis.
Options
- A8.30%
- B8.52%
- C8.54%
- D8.69%
How the community answered
(37 responses)- A5% (2)
- B11% (4)
- C81% (30)
- D3% (1)
Community Discussion
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