ICMA Exam FMFQ Topic 4 Question 45 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 45
Topic #: 4

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 Chantell at Oct 17, 2023, 04:56 PM

Limited Time Offer

25%

Off

Get Premium FMFQ Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!