Bank Oman issued certificate of deposit with face value 60000 OMR and 270 days to maturity.Calculate the maturity value of this CD if rate of interest is 6% Select one: a. 58600 OMR b. 63100 OMP c. 62663 OMR d. None of these

Bank Oman issued certificate of deposit with face value 60000 OMR and 270 days to maturity.Calculate the maturity value of this CD if rate of interest is 6% Select one: a. 58600 OMR b. 63100 OMP c. 62663 OMR d. None of these

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Bank Oman issued certificate of deposit with face value 60000 OMR and 270 days to maturity.Calculate the maturity value of this CD if rate of interest is 6%

Select one:

a. 58600 OMR

b. 63100 OMP

c. 62663 OMR

d. None of these

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A bank bill with a face value of $100,000 was issued today and it matures in 60 days' time. If interest rates are 6% p.a. what amount of interest is earned if the bill is held until maturity? a. $99,023.33 b. $1,457.88 C. $976.67 Od. $6,000.00 Oe. $78,260.87
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