The price of a 145-day commercial paper is $4,525. If the annualized discount rate is 5.25%, what

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The price of a 145-day commercial paper is $4,525. If the annualized discount rate is 5.25%, what will the commercial paper pay at the day of maturity?

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Financial Markets And Institution

ISBN: 9781292459547

10th Global Edition

Authors: Frederic Mishkin, Stanley Eakins

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