ACI 3I0-012 Question Answer
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?
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ACI 3I0-012 Question Answer
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?