CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Consider a 90-day repo with a face value 100 and a quoted add-on rate of 4.5% for an assumed 360-day year. What is the redemption amount?
Correct Answer: 101.125

FV = 100 + 100 x 90/360 x 0.045 = 101.125

User Contributed Comments 1

User Comment
zainabcmu Redemption value is FV
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