If you purchase a $10,000 short-term (90-day) negotiable certificate of deposit for $9,814, what is the discount

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If you purchase a $10,000 short-term (90-day) negotiable certificate of deposit for $9,814, what is the discount yield, the simple yield, and the true compound yield?

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Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Question Posted: Mar 19, 2015 09:35 AM

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If you purchase a $10,000 short-term (90-day) negotiable certificate of deposit for $9,814, what is the discount

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Discount yield 10000 9814 x 360 744 10000 90 Simple yie...View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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