ACI Dealing Certificate 3I0-012 Question # 319 Topic 10 Discussion

ACI Dealing Certificate 3I0-012 Question # 319 Topic 10 Discussion

3I0-012 Exam Topic 10 Question 319 Discussion:
Question #: 319
Topic #: 10

A 7% CD was issued at par, which you now purchase at 6.75%. You would expect to pay:


A.

The face value of the CD


B.

More than the face value


C.

Less than the face value


D.

Too little information to decide


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