A new issue of 90-day commercial paper is available from a dealer in New York City at

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A new issue of 90-day commercial paper is available from a dealer in New York City at a price of $97.60 on a $100 basis. What is the bank discount yield on this note if held to maturity?

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Money And Capital Markets

ISBN: 9780077235802

10th Edition

Authors: Peter Rose, Milton Marquis

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Question Posted: Oct 18, 2024 10:00 AM

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A new issue of 90-day commercial paper is available from a dealer in New York City at a price of $97.60 on a $100 basis. What is the bank discount yield on this note if held to maturity?
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A new issue of 90-day commercial paper is available from a dealer in New York City at

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Money And Capital Markets

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