3 Suppose, as a company treasurer, you borrow funds for 90 days with the current market yields...

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3 Suppose, as a company treasurer, you borrow funds for 90 days with the current market yields at 7.6%, assuming simple interest. At the end of 90 days you have to pay $500 000 to the lender. How much did you actually borrow in the beginning?

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Fundamentals Of Finance

ISBN: 9780994132529

4th Edition

Authors: Andrea Bennett, Jenny Parry, Carolyn Wirth

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Question Posted: Oct 23, 2024 06:01 AM

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3 Suppose, as a company treasurer, you borrow funds for 90 days with the current market yields at 7.6%, assuming simple interest. At the end of 90 days you have to pay $500 000 to the lender. How...
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3 Suppose, as a company treasurer, you borrow funds for 90 days with the current market yields...

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Fundamentals Of Finance

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