A CD with a Face Value of EUR 10,000,000

question 482

Multiple Choice

A CD with a face value of EUR 10,000,000.00 and a coupon of 3% was issued at par for 182 days and is now trading at 3.10% with 120 days remaining to maturity. What has been the capital gain or loss since issue?

• A) -EUR 52,161.00
• B) -t-EUR 47,839.00
• C) -EUR 3,827.67
• D) Nil

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Definitions:

MBO Cycle

Management by Objectives (MBO) Cycle refers to the systematic process of defining objectives within an organization so that management and employees agree to the objectives and understand what they need to do in the organization.

Periodic Review

An assessment conducted at regular intervals to evaluate performance, compliance, or progress towards objectives.

Face-To-Face Meetings

Direct interactions between two or more individuals present in the same location, typically for discussion or collaboration.

Labor-Management

The interaction, negotiation, and relationship between the workforce (labor) and the management team of an organization, often focusing on collective bargaining, workplace conditions, and labor rights.