32. Money-market yields (S31.5) In Section 31-5, we described a three-month bill that was issued on an
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32. Money-market yields (S31.5) In Section 31-5, we described a three-month bill that was issued on an annually compounded yield of 5%. Suppose that one month has passed and the Chapter 31 Working Capital Management 915 investment still offers the same annually compounded return. What is the percentage discount?
What was your return over the month?
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Related Book For
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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