A note traded in the commercial paper market will mature in 15 days. The dealer will sell

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A note traded in the commercial paper market will mature in 15 days. The dealer will sell it to you at $98.35 on a $100 basis. What is the note's discount rate of return?

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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 note traded in the commercial paper market will mature in 15 days. The dealer will sell it to you at $98.35 on a $100 basis. What is the note's discount rate of return?
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A note traded in the commercial paper market will mature in 15 days. The dealer will sell

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Money And Capital Markets

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