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Remark: Canadian law relating to promissory notes allows for a grace period to extend a due date that falls on a weekend or statutory holiday.

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Remark: Canadian law relating to promissory notes allows for a grace period to extend a due date that falls on a weekend or statutory holiday. The legal due date then becomes the next business day. For example, a promissory note s due for payment on July 1 . The legal date for the note becomes July 2. [Do this on your own] Compute the face value of a 120-day note dated September 10 bearing interest at 6.75% whose maturity value is $1534.12

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