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The price quote of a pure discount security with a face value of $100000, discount yield of 6%, and 45 days to maturity, is: P
The price quote of a pure discount security with a face value of $100000, discount yield of 6%, and 45 days to maturity, is:
P = $ . (ignore commas)
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
