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5. Negotiable certificates of deposits (NCDs) are interest- bearing deposits in financial institutions which may be sold before maturity. Assume an investor invested GHS 50,000
5. Negotiable certificates of deposits (NCDs) are interest- bearing deposits in financial institutions which may be sold before maturity. Assume an investor invested GHS 50,000 in 60-day NCDs and decided to liquidate the investment on the 45th day. Calculate the total interest and principal paid by the bank to the investor. Assume a buy and sell interest rate of 8.0% p.a and 9.5% p.a. for the 60-day NCD
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Collected Papers Financial Regulation In Estonia Poland And Latvia Within The Context Of European Union Membership
Authors: Graeme Scott Baber
1st Edition
1536194670,1536195596
