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You Have Taken 3-Month (92 Days) Deposits of CAD 12,000,000

Question 99

Multiple Choice

You have taken 3-month (92 days) deposits of CAD 12,000,000.00 at 1.10% and CAD 6,000,000.00 at 1.04%. Minutes later, you quote 3-month CAD 1.09-14% to another bank. The other dealer takes the CAD 18,000,000.00 at your quoted price. What is your profit or loss on this deal?


A) CAD 2,722.19
B) CAD 460.00
C) CAD 3,220.00
D) CAD 2,760.00

Correct Answer:

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