2 A dealer quotes a rate of 6.7% on a 30/360 basis for an investment from 17...
Question:
2 A dealer quotes a rate of 6.7% on a 30/360 basis for an investment from 17 August to 31 December. What would be the equivalent rate if the customer asked him to quote it instead on an ACT/365 basis?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Foreign Exchange And Money Markets Theory Practice And Risk Management
ISBN: 9780750650250
1st Edition
Authors: Bob Steiner
Question Posted: