A 6% coupon U.S. Treasury note pays interest on May 31 and November 30 and is traded for settlement on August 10. What is the accrued interest on the $100,000 face amount of this note? A. 581.97 B.1,163.93 C.2,327.87 D.3,000.00
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What is the accrued on the $100,000 face amount of this note ?
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- The following market data relate to USD and Yen rates:Spot USD/YEN 116.003 months dollar deposit rate 4.5%6 months dollar deposit rate 5%3 months yen deposit rate 0.25%6 months yen deposit rate 0.25%FRA rate for yen is nil a.What is a forward rate agreement? B .What would be the 6 month USD/Yen forward rate?C .What should be the 3 month USD FRA rate 3 months forward? D .The 6 and 12 month USD libors are 5% and 6.5% respectively. What should your bank do if another bank is quoting 6/12 USD FRA at 6.5 -6.75%?Q1-14 Suppose the expected spot rate (after 1 year) for euros (in terms of dollars) is $1.50, the current interest rate on euro deposits is 4.5%, and the current interest rate on dollar deposits is 5.5%. What current spot rate would satisfy the uncovered interest parity (UIP) equation? a. $1.65 b. $1.50 c. $1.25 d. $1.485HK Company borrowed Pesos (P) 20,000 as a loan from the United Bank on Jan 1, 2019, with an annual interest rate of 10%, payable every June 30 and Dec 31. HK Company reports quarterly, with a Dec 31 year-end, and it reports in has a functional currency in USD. Exchange rate: 1peso = usd Jan 1, 2019 $10 usd average quarter 1 2019 $10.50 usd march 31, 2019 $11 usd average quarter 2 2019 $10.30 usd june 30, 2019 $10.50 usd Prepare all the journal entries relating to the loan for Jan 1 to June 30, 2019 (Q1 & Q2) for HK Company including the June 30 interest payment.
- hf.3You can buy or sell the £ spot at $1.98 to the pound. You can buy or sell the pound one-year forward at $2.01 to the pound. If U.S. annual interest rates are 5%, what must be the approximate one-year British interest rate if interest rate parity holds? A. 4.00% B. 2.75% C. 5.25% D. 3.48%The domestic currency price of a unit of foreign currency 0.70 and the domestic and foreign risk-free interest rates are 5% and 7% respectively (assume discrete compounding). What is the 18-month forward rate (rounded to the nearest cent)? a. 0.70 b. 0.74 c. 0.68 d. 0.72