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The annualized discount rate on a particular money market instrument is 3.75%. The face value is $200,000 and it matures in 51 days. Required :
- The annualized discount rate on a particular money market instrument is 3.75%. The face value is $200,000 and it matures in 51 days.
Required:
- Calculate its price
- What would be the price if it had 71 days to maturity?
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
