Click on the Detail Button to view the Formula Sheet. A bond is trading 50 basis points special for 1 week, while the 1-week GC repo rate is 3.25%. If you held GBP 10,500,000 of this bond, what would be the cost of borrowing against it in the repo market?
A. GBP 7,551.37
B. GBP 6,544.52
C. GBP 5,537.67
D. GBP 1,006.85
Click on the Detail Button to view the Formula Sheet. When quoting the exchange rate between the EUR and AUD, which is conventionally the base currency?
A. EUR
B. AUD
C. Depends on whether the price is being quoted in Europe or Australia
D. Depends on whether the price is being quoted interbank or to a customer
Click on the Detail Button to view the Formula Sheet. What is the maximum maturity of a US Treasury bill?
A. One year
B. 270 days
C. 183 days
D. 5 years
Click on the Detail Button to view the Formula Sheet. You have quoted your customer the following
eurodollar deposit rates:
1M 5.375-25%
2M 5.4375-3125%
3M 5.5-375%
The customer says, "I give you USD 20 million in the two's". What have you done?
A. Borrowed USD 20million at 5.3125%
B. Lent USD 20 million at 5.4375%
C. Borrowed USD 20 million at 5.4375%
D. Lent USD 20 million at 5.3125%
Click on the Detail Button to view the Formula Sheet. Convert 8.25% quoted on a semi-annually compounded money market basis for USD to the equivalent annually-compounded bond basis.
A. 8.30%
B. 8.52%
C. 8.54%
D. 8.69%
Click on the Detail Button to view the Formula Sheet.
Using the following rates:
3M (90-day) eurodeposits3.50%
6M (180-day) eurodeposits3.75%
What is the rate for a deposit, which runs from 3 to 6 months?
A. 3.625%
B. 3.285%
C. 3.965%
D. 3.835%
Click on the Detail Button to view the Formula Sheet. Which of the following will tend to have the lowest yield?
A. Interbank deposit
B. Certificate of deposit
C. Treasury bill
D. BA
Click on the Detail Button to view the Formula Sheet. A 6-month (182-day) investment of CHF15.5 million yields a return of CHF100,000. What is the rate of return?
A. 1.32%
B. 1.29%
C. 1.28%
D. 0.65%
Click on the Detail Button to view the Formula Sheet. What is EONIA?
A. Volume-weighted average overnight EUR deposit rate
B. Volume-weighted average overnight EUR LIBOR
C. Arithmetic average overnight EUR deposit rate
D. ECB overnight lending rate
Click on the Detail Button to view the Formula Sheet. A 3-month (91-day) deposit of EUR25 million is made at 3.25%. At maturity, it is rolled over three times at 3.55% for 90 days, 4.15% for 91 days and 4.19% for 89 days. At the end of 12 months, how much is repaid (principal plus interest)?
A. EUR 25,962,011.01
B. EUR 25,959,714.91
C. EUR 25,948,878.47
D. EUR 25,948,648.82
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