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You place a deposit for 91 days at 11.5% on an ACT/360 basis. What would the rate have been if it had been quoted on
You place a deposit for 91 days at 11.5% on an ACT/360 basis. What would the rate have been if it had been quoted on an ACT/365 basis? What is the effective yield on an ACT/365 basis and on an ACT/360 basis?
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Interest Rate Conversion and Effective Yield Calculation Interest Rate Conversion ACT360 to ACT365 W...
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Operations And Supply Chain Management
Authors: F. Robert Jacobs, Richard Chase
14th Edition
978-0077824921, 78024021, 9780077823344, 007782492X, 77823346, 978-0078024023
