Exomple 3 R W Face value 2000 $ %3D written date | Sep. 2oob %3D term =. bo days 8% discounted date = Loct, 2006 Yate of discount = 4.5% * Find Il B Maturity date 3 Discounted olays Maturity value preced

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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Example 3 R
Face Valui
2000 $
written dale =
| Sep. Z006.
term =
60 days
=8%
discounted date =
loct, 2006
Yate of discount
=4.5%
* Find Il B Maturity date
Maturity value
(3 Discounted days
Ej proceed
5J Rate of interest for the 1Bank
(6)
Mr. A It he sold the note on Oct.l 2006 ?
Transcribed Image Text:Example 3 R Face Valui 2000 $ written dale = | Sep. Z006. term = 60 days =8% discounted date = loct, 2006 Yate of discount =4.5% * Find Il B Maturity date Maturity value (3 Discounted days Ej proceed 5J Rate of interest for the 1Bank (6) Mr. A It he sold the note on Oct.l 2006 ?
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