A commercial bill with a face value of P50 000 has a current price of P49291. This bill is trading at a yield of 7.5% which necessarily implies a time to maturity of how many days? (Just give the number) *

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A commercial bill with a face value of
P50 000 has a current price of
P49291. This bill is trading at a yield of
7.5% which necessarily implies a time
to maturity of how many days? (Just
give the number) *
Your answer
Transcribed Image Text:A commercial bill with a face value of P50 000 has a current price of P49291. This bill is trading at a yield of 7.5% which necessarily implies a time to maturity of how many days? (Just give the number) * Your answer
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