Question
An Australian bank plans to issue a Negotiable Certificate of Deposit (NCD). Calculate the price (in $) received by the bank if it issues the
An Australian bank plans to issue a Negotiable Certificate of Deposit (NCD). Calculate the price (in $) received by the bank if it issues the following NCD: Face value: $635 Annual interest rate: 4.71% Term of the NCD: 180 days. Give answers to two decimal places.
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
