Examlex

Solved

A CD with a Face Value of USD 250,000,000

question 442

Multiple Choice

A CD with a face value of USD 250,000,000.00 was issued at par with a coupon of 5% for 91 days. You buy it in the secondary market when it has 30 days remaining to maturity and is trading at 5.25%. How much do you pay?


Definitions:

National Income

National Income is the total value of all goods and services produced by a country's economy over a specific time period, plus income from abroad, minus income remittances to other countries.

GDP

Gross Domestic Product, it measures the total economic output of a country, representing the market value of all goods and services produced over a specific time period.

Per Capita

A statistical measure that divides an aggregate by the number of individuals in the population, commonly used to express economic indicators.

Household Production

The creation of goods and services within a home for the use by its members, which replaces or supplements the purchase of products and services from the market.

Related Questions