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To raise $980,000, a company draws up a bill of exchange with a face value of $1,000,000, payable in 30 days. What is the implicit
To raise $980,000, a company draws up a bill of exchange with a face value of $1,000,000, payable in 30 days. What is the implicit annual market interest rate on the bill?
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond, Arne Strom
4th Edition
0273760688, 9780273760689
