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4A0-N03 Test Collection Pdf - 4A0-N03 Valid Test Camp, Test 4A0-N03 Cram - Sansalee
 

Exam Name:Nuage Networks Virtualized Cloud Services (VCS) Operations
529 Questions and Answers

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NEW QUESTION: 1
A financial institution requesting a quote on a block of 100 bonds from a dealer in government securities
receives a quote of 98.02 bid, 98.06 asked. What is the dollar amount the institution will receive if the
financial institution sells these bonds to the dealer?''
A. $98,750.00
B. $98,187.50
C. $98,250.00
D. $98,062.50
Answer: D
Explanation:
$98,062.50. The financial institution receives the bid price, which is 98 and 2 / 32. Two
thirty-seconds is $0.625. The 98 is the percentage of a $1,000 bond. Multiplying 98% by $1,000 results in
$ 980. Add $0.625 to $980 to arrive at $980.625 per bond. But...there are 100 bonds. So, multiplying
$ 980.625 by 100 equals $98,062.50.

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