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A money market mutual fund purchased $1.04 million face value of Honda Canada Finance Inc. 60-day commercial paper 24 days after its issue. What price
A money market mutual fund purchased $1.04 million face value of Honda Canada Finance Inc. 60-day commercial paper 24 days after its issue. What price was paid if the paper was discounted at 2.14%? (Round your final answer to 2 decimal places.)
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Acquisition Finance
Authors: Tom Speechley
2nd Edition
1780436599, 978-1780436593
