Question
Roni Lockard signed a $24,500 simple discount promissory note at a certain bank. The discount rate was 13%, and the note was made on February
Roni Lockard signed a $24,500 simple discount promissory note at a certain bank. The discount rate was 13%, and the note was made on February 18 (not in a leap-year) for 116 days.
(a) What proceeds (in $) will Roni receive on the note?
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Inefficient Markets An Introduction To Behavioral Finance
Authors: Andrei Shleifer
1st Edition
0198292279, 978-0198292272
