Click on the Detail Button to view the Formula Sheet. In GBP/CHF, you are quoted the following prices by
four different banks. You are a buyer of CHF.
Which is the best quote for you?
A. 2.3840
B. 2.3843
C. 2.3837
D. 2.3835
Click on the Detail Button to view the Formula Sheet. Cable is quoted at 1.6075-80 and you say "5 yours!" to the broker. What have you done?
A. Sold USD 5 million at 1.6075
B. Sold GBP 5 million at 1.6075
C. Bought GBP 5 million at 1.6080
D. Bought USD 5 million at 1.6080
Click on the Detail Button to view the Formula Sheet. 3-month USD/CHF is quoted at 112/110. Interest rates in Switzerland are reduced but USD rates (which are higher) are unchanged. What would you expect the 3-month forward USD/CHF rate to be?
A. unchanged
B. 118/116
C. 109/107
D. 106/104
Click on the Detail Button to view the Formula Sheet. If a 6-month AUD/NZD swap is quoted 173/165, which of the following statements would you consider to be correct?
A. 6-month AUD rates are higher than 6-month NZD rates
B. 6-month AUD rates are lower than 6-month NZD rates
C. Spot AUD/NZD will be higher by approximately 170 points in 6 months
D. The AUD yield curve is positive, whilst the NZD curve is negative
Click on the Detail Button to view the Formula Sheet. The spot/next repo rate for the 5% bund 2006 is quoted to you at 1.75-80%. You sell bonds with a market value of EUR 5,798,692 through a sell/buy-back. The Repurchase Price is:
A. EUR 5,798,982
B. EUR 5,799,497
C. EUR 5,746,376
D. EUR 5,000,694
Click on the Detail Button to view the Formula Sheet. What is the ISO code for the currency of Hungary?
A. HUG
B. HKD
C. HRN
D. HUF
Click on the Detail Button to view the Formula Sheet. A CD with a face value of EUR10 million and a coupon of 3% was issued at par for 182 days and is now trading at 3.10% with 120 days remaining to maturity. What has been the capital gain or loss since issue?
A. -EUR 52,161.00
B. +EUR 47,839.00
C. -EUR 3,827.67
D. Nil
Click on the Detail Button to view the Formula Sheet. A CD with a face value of USD50 million and a coupon of 4.50% was issued at par for 90 days and is now trading at 4.50% with 30 days remaining to maturity. What has been the capital gain or loss since issue?
A. +USD 373,599.00
B. +USD 186,099.00
C. -USD 1,400.99
D. Nil
Click on the Detail Button to view the Formula Sheet. The one-month (31-day) GC repo rate for French government bonds is quoted to you at 3.75-80%. As collateral, you are offered EUR25 million nominal of the 5.5% OAT April 2006, which is worth EUR 28,137,500. If you impose an initial margin of 1%, the Repurchase Price is:
A. EUR 27,947,276.43
B. EUR 27,946,077.08
C. EUR 27,950,071.43
D. EUR 27,948,871.97
Click on the Detail Button to view the Formula Sheet. What type of institution is the typical issuer of bank bills?
A. Credit institution
B. Investment bank
C. Corporate
D. All of the above
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