Q1. The number of days of accrued interest, and the cash value of accrued interest - on a trade of USD 45,000,000 World Bank 4.37% Bonds 1st December 2032, paying interest semi-annually on 1st December and Ist June, trade date 22~d October, value date 25tl October, is:
A.144 days and USD 786,600.00
B. 174 days and USD 950,475.00
C. 141 days and USD 770,212.50
D. 171 days and USD 934,087-50
Correct Answer: A
Q2. The term 'SSI' stands for:
A.Standing Settlement Instruction
B. Standard Securities Instruction
C. Settlement Standard Instruction
D. Securities Standing Instruction
Correct Answer: A
Q3. The price of a bond trade which excludes accrued interest is known as:
A.A dirty price
B. A fresh price
C. A clean price
D. A cloudy price
Correct Answer: C
Q4. The abbreviation WAC stands for:
A.Wheel and Calculate
B. Weighted Average Cost
C. West Against Charge
D. Wait About Control
Correct Answer: B
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