You have taken 3-month (92 days) deposits of CAD 12,000,000.00 at 1 10% and CAD 6,000,000.00 at

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You have taken 3-month (92 days) deposits of CAD 12,000,000.00 at 1 10% and CAD 6,000,000.00 at 1.04%. Minutes later, you quote 3-month CAD 1.09-14% to another bank. The other dealer takes the CAD 18,000,000.00 at your quoted price.

What is your profit or loss on this deal?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 31, 2023 02:28 AM

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You have taken 3-month (92 days) deposits of CAD 12,000,000.00 at 1 10% and CAD 6,000,000.00 at

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To calculate the profit or loss on this deal we need to first calcul... View the full answer

Income Tax Fundamentals 2013

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