ACI
3I0-012 · Question #684
A 7-day piece of USCP is quoted at a rate of discount of 1.75%. What is its true yield?
The correct answer is B. 1.75%. See the full explanation below for the reasoning.
Question
A 7-day piece of USCP is quoted at a rate of discount of 1.75%. What is its true yield?
Options
- A1.73%
- B1.75%
- C1.77%
- D1.80%
How the community answered
(26 responses)- A4% (1)
- B77% (20)
- C15% (4)
- D4% (1)
Community Discussion
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