Question
If a simple interest rate of 24% is equivalent to a simple discount rate of 20.5% then the time under consideration is approximately: a) 260
If a simple interest rate of 24% is equivalent to a simple discount rate of 20.5% then the time under consideration is approximately:
a) 260 Days
b) 304 Days
c) 312 Days
d) 711 Days
e) 864 Days
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
