Question
Polycorp wishes to issue a 90 day bank bill with a face value of $4,000,000. If the current 90 day rate is 7% how much
Polycorp wishes to issue a 90 day bank bill with a face value of $4,000,000. If the current 90 day rate is 7% how much will Polycorp issue the bill for. Calculate to the nearest dollar
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Accounting
Authors: Carl S Warren, James M Reeve, Jonathan Duchac
24th Edition
0538475005, 9780538475006
