ICMA Financial Markets Foundation Qualification - FMFQ Exam Practice Test
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?
Correct Answer: B
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Which money market instrument is supported in the secondary market by primary dealers?
Correct Answer: A
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Which of the following factors is true of forward contracts but not of futures contracts?
Correct Answer: D
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An EUR-denominated Eurobond matures on 15 January 2017 and pays an annual coupon of 5% on an act/act basis. The bond is trading at a yield to maturity of 6% for settlement on 10 March 2015. Which of the following ststements is true of its clean price?
Correct Answer: C
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