A money market mutual fund purchased $1 million face value of Honda Canada Finance Inc. 90-day commercial

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A money market mutual fund purchased $1 million face value of Honda Canada Finance Inc. 90-day commercial paper 28 days after its issue. What price was paid if the paper was discounted at 4.10%?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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A money market mutual fund purchased $1 million face value of Honda Canada Finance Inc. 90-day commercial paper 28 days after its issue. What price was paid if the paper was discounted at 4.10%?
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A money market mutual fund purchased $1 million face value of Honda Canada Finance Inc. 90-day commercial

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Business Mathematics In Canada

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