ACI
3I0-013 · Question #60
A Certificate of Deposit (CD) was issued at 2.50% which you now purchase at 1.75%. What would youexpect to pay?
The correct answer is B. More than the originally paid value. See the full explanation below for the reasoning.
Question
A Certificate of Deposit (CD) was issued at 2.50% which you now purchase at 1.75%. What would youexpect to pay?
Options
- AThe original face value of the CD
- BMore than the originally paid value
- CLess than the originally paid value
- DThere is too little information to decide
How the community answered
(30 responses)- A10% (3)
- B83% (25)
- C3% (1)
- D3% (1)
Community Discussion
No community discussion yet for this question.