The spot/week repo rate for the 4.25% OAT 2015 is quoted to you at 2.35-38%. You buy bonds with a market value of EUR 3,295,500.00 through a sell/buy-back. The Repurchase Price is:
A. EUR 3,297,004.19
B. EUR 3,297,005.86
C. EUR 3,297,025.09
D. EUR 3,296,985.23
You have taken 3-month deposits of EUR 10,000,000.00 at 0.60%, EUR 5,000,000.00 at 0.40% and EUR 5,000,000.00 at 0.50%.
What is the average rate of your long position?
A. 0.525%
B. 0.45%
C. 0.75%
D. 0.375%
Which of the following is always a secured instrument?
A. ECP
B. Repo
C. Interbank deposit
D. CD
What type of institution is the typical drawer of banker's acceptances?
A. Credit institution
B. Investment bank
C. Corporate
D. Central Bank
Which type of repo is the most risky for the buyer?
A. Delivery repo
B. HIC repo
C. TO-party repo
D. There is no real difference
The Market Segmentation hypothesis suggests that the yield curve bends at some point along its length because:
A. Investors have less appetite for longer-term investments
B. Borrowers prefer to borrow long-term but lenders prefer to lend short-term
C. Different types of institution tend to specialize in different maturity ranges
D. The risk premium becomes significant only at longer maturities
Today's spot value date is Friday 27th February. What is normally the 1-month maturity date? Assume no bank holidays.
A. 28th March
B. 29th March
C. 30th March
D. 31st March
A 3-month (91-day) US Treasury bill is quoted at a rate of discount of 4.25%. What is its true yield?
A. 4.19%
B. 4.25%
C. 4.30%
D. 4.31%
A 3-month (91-day) deposit of AUD 25,000,000.00 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. AUD 25,962,011.00
B. AUD 25,959,714.91
C. AUD 25,948,878.47
D. AUD 25,948,648.82
Which of the following rates represents the highest investment yield in the Euromarket?
A. Semi-annual bond yield of 3.75%
B. Annual bond yield of 3.75%
C. Semi-annual money market yield of 3.75%
D. Annual money market rate of 3.75%
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