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?
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?
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 4P
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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?
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