ICMA Exam FMFC Topic 2 Question 17 Discussion

Actual exam question for ICMA's FMFC exam

Question #: 17
Topic #: 2

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 Kimberlie at Jul 30, 2022, 07:12 PM

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