Basis is the number of days in a year (sounds stupid, but there are different conventions). The

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Basis is the number of days in a year (sounds stupid, but there are different conventions). The answer of “3” used here tells Excel to use the actual number of days.

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Principles Of Finance With Excel

ISBN: 9780190296384

3rd Edition

Authors: Simon Benninga, Tal Mofkadi

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