ASSet_MANagemen

ks112 Wrote:
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> Been tasked with calculating the Fair Market Value
> of a 3 year GIC at work that currently has 2.5
> years left. This is what I think I should do:
>
> 1) Calculate the FV of the GIC in 2.5 years
> 2) Ask the FI on what the interest rate would be
> on current 2.5 year GIC's
> 3) Use the rate in (2) as the discount rate and
> discount the FV calculated in (1) back 2.5 years
>
> What do you guys think?


I agree.