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A^(175)-day note for P^(8),500,00 dated May 9,2011 with interest at( 71)/(2)% is discounted on November 9, 2011 at 5((1)/(2))/(2)% simple discount. Fid the following: a.
A^(175)-day note for P^(8),500,00 dated May 9,2011 with interest at( 71)/(2)% is discounted on November 9, 2011 at 5((1)/(2))/(2)% simple discount. Fid the following: a. Maturity date b. maturity value c. term of discount d. discount e. proceeds (15points )
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
