考试首页 | 考试用书 | 培训课程 | 模拟考场 | 考试论坛  
  当前位置:考试网 >> ACCA/CAT >> CAT考试 >> 文章内容
  

ACCAP4模拟测试题及答案解析(3)

考试网  [ 2017年4月22日 ] 【

ACCAP4模拟测试题及答案解析

  Question:A company arranges a borrower's option. The notional principal is $5 million, the strike rate is 6.5% and the interest period is nine months (270 days). At the option's expiry date, LIBOR is 7.6%.

  What will be the payment to settle the option agreement, ignoring discounting? Assume a year of 360 days.

  A. There will be no payment

  B. $39,025.54

  C. $41,250.00

  D. $39,332.54

  The correct answer is: $41,250.00.

  解析:LIBOR is higher than the strike rate for the borrower's option, therefore the option will be exercised by the company. The payment is made immediately the option is exercised, i.e. at the start of the notional interest period.

  The payment is:

  ((7.6% - 6.5%) x ($5 million x 270 days)) / 360 days = $41,250.00

 

本文纠错】【告诉好友】【打印此文】【返回顶部
将考试网添加到收藏夹 | 每次上网自动访问考试网 | 复制本页地址,传给QQ/MSN上的好友 | 申请链接 | 意见留言 TOP
关于本站  网站声明  广告服务  联系方式  站内导航  考试论坛
Copyright © 2006-2019 考试网(Examw.com) All Rights Reserved  营业执照