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Why in Question 1 is +, in question 2 is -. Can you explain it? A 90 day bank accepted bill with face value of
Why in Question 1 is +, in question 2 is -. Can you explain it?
A 90 day bank accepted bill with face value of $100,000 and market yield of 4.50% $100,000 4.50 90 100 365 $98,902.59 A RM 1,000 Bank Negara bill with 30 days to maturity and yield of 4.301%. (Round price to 2 dp) 4.301 30 100 365 P = RM 1,000 x | | -RM 996.46Step by Step Solution
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
6th Edition
0201538997, 978-0201538991
