On Jahuary 1, 2019, Bank Nizwa issued CD in Muscat Securities Market which will mature in October 30, 2020. The CD pays 6% interest rate. Calculate the interest earned on this CD with face value(FV) of 50000. Assume all month to be of 30 days. Select one: O a. 1856.57 OMR O b. 1972.60 OMR O c. None of these O d. 1965.90 OMR

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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On January 1, 2019, Bank Nizwa issued CD in Muscat Securities Market which will mature in October 30, 2020.
The CD pays 6% interest rate. Calculate the interest earned on this CD with face value(FV) of 50000. Assume
all month to be of 30 days.
Select one:
O a. 1856.57 OMR
O b. 1972.60 OMR
O c. None of these
O d. 1965.90 OMR
Next page
Windows bu
直
G a 4) ^
Transcribed Image Text:On January 1, 2019, Bank Nizwa issued CD in Muscat Securities Market which will mature in October 30, 2020. The CD pays 6% interest rate. Calculate the interest earned on this CD with face value(FV) of 50000. Assume all month to be of 30 days. Select one: O a. 1856.57 OMR O b. 1972.60 OMR O c. None of these O d. 1965.90 OMR Next page Windows bu 直 G a 4) ^
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