Suppose a investor purchases 95 day commercial paper with a par value of $ 1 000 000 for a price of $ 990,023. What is the EAR of this commercial paper?
Suppose a investor purchases 95 day commercial paper with a par value of $ 1 000 000 for a price of $ 990,023. What is the EAR of this commercial paper?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 10MC
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Suppose a investor purchases 95 day commercial paper with a par value of $ 1 000 000 for a price of $ 990,023. What is the EAR of this commercial paper?
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