ACI Dealing Certificate 3I0-012 Question # 290 Topic 7 Discussion

ACI Dealing Certificate 3I0-012 Question # 290 Topic 7 Discussion

3I0-012 Exam Topic 7 Question 290 Discussion:
Question #: 290
Topic #: 7

You buy a 30-day 4% CD with a face value of GBP 20,000,000.00 at par when it is issued. You sell it in the secondary market after 10 days at 4.05%.

What is your holding period yield?


A.

4.05%


B.

3.891%


C.

3.838%


D.

1.946%


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