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Simple Interest: An investor bought a 91-day government bond with a face value of 100,000 USD to yield an annual rate of return of 0.99%.
- Simple Interest: An investor bought a 91-day government bond with a face value of 100,000 USD to yield an annual rate of return of 0.99%. On the same day, the investor sold the bond to yield 0.95%. Calculate the profit on the sale of the bond. Answer: 9.92 CAN YOU PLEASE THE STEP BY STEP TO GET THAT RESULT, IF POSSIBLE CAN YOU ALSO SHOW HOW TO DO IT IN THE FINANCIAL CALCULATOR
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
12th Edition
0136096689, 978-0136096689
