Free AFP CTP Exam Actual Questions

The questions for CTP were last updated On Jun 12, 2025

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Question No. 1

The time between when the payor mails the check and the payee receives available funds is known as:

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Correct Answer: D

Question No. 2

What is the premium (price) for an oil contract, if the following conditions are present?

LIBOR rate of 5%

Out of the money cost of $3

Strike price is $4

In the money price of $1

Speculative premium of $2

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Correct Answer: C

Question No. 3

All of the following are reasons to use a confirmed irrevocable letter of credit EXCEPT concern about:

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Correct Answer: C

Question No. 4

When estimating the cost of capital, which of the following financial resources would probably NOT be included in the cost of capital calculation?

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Correct Answer: D

Question No. 5

Securities sold by companies in an initial public offering (IPO) arE.

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Correct Answer: C