From the Following CAD Rates: 1M (31-Day) CAD Deposit     0

question 155

Multiple Choice

From the following CAD rates: 1M (31-day) CAD deposit     0.95% 1x2 CAD (30-day) FRA     1.21% 2x3 CAD (31-day) FRA     2.01% Calculate the 3-month implied cash rate.

• A) 1.42%
• B) 1.39%
• C) 2.01%
• D) 4.21%

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Definitions:

September

The ninth month of the year in the Gregorian calendar.

Variable Overhead Efficiency Variance

A metric that assesses the difference between the actual hours worked and the standard hours expected, multiplied by the variable overhead rate.

Variable Overhead Efficiency Variance

is the difference between the actual variable overhead incurred and the standard cost allocated, based on the efficiency of utilizing resources.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead and what the variable overhead costs should have been for the actual good units produced.