Question
The price of $150,000 face value commercial paper is $147,000. If the annualized investment rate is 4.25%, when will the paper mature? (Round your answer
The price of $150,000 face value commercial paper is $147,000. If the annualized investment rate is 4.25%, when will the paper mature? (Round your answer to whole days).
| 142 days | ||
| 94 days | ||
| 70 days | ||
| 130 days | ||
| 175 days
Will Rate!! Thanks!! |
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Investments Analysis And Management
Authors: Charles Jones, Nick Jones
11th Edition
0470477121, 9780470477120
