ACI Dealing Certificate 3I0-012 Question # 349 Topic 13 Discussion

ACI Dealing Certificate 3I0-012 Question # 349 Topic 13 Discussion

3I0-012 Exam Topic 13 Question 349 Discussion:
Question #: 349
Topic #: 13

A 30-day 4% CD with a face value of GBP 20,000,000.00 is trading in the secondary market with 20 days remaining to maturity at 4.05%.

What would be your holding period yield if you bought the CD now and held it to maturity?


A.

4.05%


B.

4.0%


C.

3.891%


D.

3.838%


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