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A short-term debt security with a face value of $44,681 and 65 days to maturity has a discount yield of 4.25 percent. How much would
A short-term debt security with a face value of $44,681 and 65 days to maturity has a discount yield of 4.25 percent. How much would the security sell for today? Answer should be formatted as a number with 2 decimal places (e.g. 99.99). A credit card has a daily rate of 0.049 percent compounded daily (360 day year). What is the effective annual rate on the credit card? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99)
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