Question
a firm accept a $21,000 note due in 8 months with interest of 10.5% two months befor it is due. The firm sells the note
a firm accept a $21,000 note due in 8 months with interest of 10.5% two months befor it is due. The firm sells the note to the broker.if the broker wants 12.5% return on his investment. How much he should pay for the note?
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The Finance Book
Authors: Stuart Warner, Si Hussain
1st Edition
1292123648, 978-1292123646
