Question
Lett's commercial paper is presently selling at a discount. It sells for 98.35 of par and matures in 120 days.(Use 365 days a year. Do
Lett's commercial paper is presently selling at a discount. It sells for 98.35 of par and matures in 120 days.(Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.)
Yield %
Effective annual yield%
Hello i need help figuring out how to use the formulas on this question.
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
