ACI
3I0-012 · Question #597
You have quoted your customer the following eurodollar deposit rates: 1M 5.375-25% 2M 5.4375-3125% 3M 5.5-375% The customer says, "I give you USD 20 million in the two's". What have you done?
The correct answer is A. Borrowed USD 20 million at 5.3125%. See the full explanation below for the reasoning.
Question
You have quoted your customer the following eurodollar deposit rates:
1M 5.375-25% 2M 5.4375-3125% 3M 5.5-375% The customer says, "I give you USD 20 million in the two's". What have you done?
Options
- ABorrowed USD 20 million at 5.3125%
- BLent USD 20 million at 5.4375%
- CBorrowed USD 20 million at 5.4375%
- DLent USD 20 million at 5.3125%
How the community answered
(17 responses)- A82% (14)
- C6% (1)
- D12% (2)
Community Discussion
No community discussion yet for this question.