Multiple Choice
A CD with a face value of USD50 million and a coupon of 4.50% was issued at par for 90 days and is now trading at 4.50% with 30 days remaining to maturity. What has been the capital gain or loss since issue?
A) +USD 373,599.00
B) +USD 186,099.00
C) -USD 1,400.99
D) Nil
Correct Answer:
Verified
Correct Answer:
Verified
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