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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?
[5 marks]
- A bank accepts a deposit for $3 million by issuing a 90-day NCD with interest at 6%. What is the NCDs face value?
[5 marks]
- 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.
[5 marks]
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Principles Of Sustainable Finance
Authors: Dirk Schoenmaker, Willem Schramade
1st Edition
0198826605, 978-0198826606
