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Amount due at maturity: 2,900 Discount rate: 6 ¼ Time: 180 days Maturity Value (MV) = 2900 Discount Rate (r)=6 1/4 Time (n) = 180 days What is the Bank Discount and Proceeds

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 16P

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Question

11.2 Amount due at maturity: 2,900 Discount rate: 6 ¼ Time: 180 days

Maturity Value (MV) = 2900

Discount Rate (r)=6 1/4

Time (n) = 180 days

What is the Bank Discount and Proceeds

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