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Part C Calculate the capital gain or loss that results when a parcel of 90 day NCDs (Negotiable Certificate of Deposits) with a face value

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Part C Calculate the capital gain or loss that results when a parcel of 90 day NCDs (Negotiable Certificate of Deposits) with a face value of $50 million is bought at 3.25% p.a. and sold later the same day after yields have fallen to 3% p.a

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