Question
An NCD (Negotiable Certificates of Deposit) promises to pay $1 million in 45 days' time. If the current yield is 7% p.a. what is its
An NCD (Negotiable Certificates of Deposit) promises to pay $1 million in 45 days' time. If the current yield is 7% p.a. what is its market value today?
A bank accepts a deposit for $3 million by issuing a 90-day NCD with interest at 6%. What is the NCD's face value?
Calculate the future value and interest earned if $15,000 is invested in a term deposit for a period of two years with daily compounding at 5.75% p.a.
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Corporate Finance
Authors: Jonathan Berk and Peter DeMarzo
3rd edition
978-0132992473, 132992477, 978-0133097894
