ICMA Exam FMFQ Topic 4 Question 7 Discussion

Actual exam question for ICMA's Financial Markets Foundation Qualification exam

Question #: 7
Topic #: 4

[All Financial Markets Foundation Qualification Questions]

You have just bought a USD 5,000,000 of a 3 month Commercial paper (91 days) qupted at a discount to yield of 4.5% (A/360). How much will you pay for this security?

AFace value

BMore than face value

CLess than face value

DNeed more information

Show Suggested Answer

Suggested Answer: C

by Devorah at May 07, 2022, 07:17 PM

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