CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Consider a 90-day repo with a face value of 100 and a quoted add-on rate of 4.5% for an assumed 360-day year. What is the purchase price?
A. 100
B. 101.125
C. 101.142
Explanation: The purchase price is the face value. No calculation is needed.

User Contributed Comments 1

User Comment
levani307 Can anyone explain why?
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