Question
What is the discount yield on a $10 million commercial paper issue that currently sells at 97% percent of its face value and is 90
What is the discount yield on a $10 million commercial paper issue that currently sells at 97% percent of its face value and is 90 days from maturity?
PRESENT YOUR ANSWER AS PERCENT ROUNDED TO ZERO DECIMAL PLACES. DON'T WRITE THE PERCENTAGE SYMBOL ( IF YOUR ANSWER IS 95% JUST WRITE 95 )
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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
