Q) Home Depot has issued Commercial paper with a face value of $100,000 maturing in 3 months. Investors require 8% ( annual interest) on these assets. How much is the paper selling for? a. $98,039.2 b. $92,592.6 c. $1,250,000 d. None of the above Not use excel

Q) Home Depot has issued Commercial paper with a face value of $100,000 maturing in 3 months. Investors require 8% ( annual interest) on these assets. How much is the paper selling for? a. $98,039.2 b. $92,592.6 c. $1,250,000 d. None of the above Not use excel

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Home Depot has issued Commercial paper with a face value of $100,000 maturing in 3 months. Investors require 8% ( annual interest) on these assets. How much is the paper selling for?

a. $98,039.2

b. $92,592.6

c. $1,250,000

d. None of the above

Not use excel

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