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A money market mutual fund purchased $1.09 million face value of Honda Canada Finance Inc. 60-day commercial paper 25 days after its issue. What price
A money market mutual fund purchased $1.09 million face value of Honda Canada Finance Inc. 60-day commercial paper 25 days after its issue. What price was paid if the paper was discounted at 2.19%? (Round your final answer to 2 decimal places.)
applications Saved Help Save A money market mutual fund purchased $1.09 million face value of Honda Canada Finance Inc. 60-day commercial paper 25 days after its issue. What price was paid if the paper was discounted at 2.19%? (Round your final answer to 2 decimal places.) Price Step by Step Solution
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