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Talmud Book Company borrows $24,300 for 75 days at 12 percent interest. What is the dollar cost of the loan? (Use a 360-day year. Do
| Talmud Book Company borrows $24,300 for 75 days at 12 percent interest. |
| What is the dollar cost of the loan? (Use a 360-day year. Do not round intermediate calculations and round your final answer to 2 decimal places.) |
| Cost of loan | $ |
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A Course In Derivative Securities
Authors: Kerry Back
2005th Edition
3540253734, 978-3540253730
