A commercial bill with a face value of $50 000 has a current price of $49,291. This bill is trading at a yield of 7.5% which necessarily implies a time to maturity of how many days? Can you please give a solution in a good accounting form? I need to know what should I call the result of each computations for reference. Thank you so much!
A commercial bill with a face value of $50 000 has a current price of $49,291. This bill is trading at a yield of 7.5% which necessarily implies a time to maturity of how many days? Can you please give a solution in a good accounting form? I need to know what should I call the result of each computations for reference. Thank you so much!
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A commercial bill with a face value of $50 000 has a current price of $49,291. This bill is trading at a yield of 7.5% which necessarily implies a time to maturity of how many days?
Can you please give a solution in a good accounting form? I need to know what should I call the result of each computations for reference. Thank you so much!
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