Find the discount and proceeds on a $3,250​ face-value note for nine months if the discount rate is 9.2​%.  (Use the​ banker's rule.)       Question content area bottom The discount is ??? ​(Round to the nearest cent as​ needed.) Part 2 The proceeds are ??? ​(Round to the nearest cent as​ needed.)

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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Find the discount and proceeds on a $3,250​ face-value note for nine months if the discount rate is 9.2​%.
 (Use the​ banker's rule.)
 
 
 

Question content area bottom

The discount is ???
​(Round to the nearest cent as​ needed.)
Part 2
The proceeds are ???
​(Round to the nearest cent as​ needed.)
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