Question
ZZZ Limited buys a $5 million parcel of 120 day Bank Accepted Bills on a 3.6% p.a. yield and sells them 30 days later on
ZZZ Limited buys a $5 million parcel of 120 day Bank Accepted Bills on a 3.6% p.a. yield and sells them 30 days later on a yield of 3.25% p.a.
Required: Calculate the following for the investment made by ZZZ limited:
(a)the amount of interest earned;
(b)the capital gain or loss;
(c)the holding period yield.
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Handbook Of High Frequency Trading
Authors: Greg N. Gregoriou
1st Edition
0128022051, 978-0128022054
