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We have the following statements: | - In a calendar convention the number of days in a year is always 365. II - In a banking convention the number of days in a Month May not be equal to 30. III - Always the number of days in the calendar convention is greater than in the banking convention. IV - For creditors calculating the fraction of a year it is always better to use (in denominator) the number of days in a year according to banking convention. a) all are false b) only IV is true c) all except IV are true d) only III is true

We have the following statements: | - In a calendar convention the number of days in a year is always 365. II - In a banking convention the number of days in a Month May not be equal to 30. III - Always the number of days in the calendar convention is greater than in the banking convention. IV - For creditors calculating the fraction of a year it is always better to use (in denominator) the number of days in a year according to banking convention. a) all are false b) only IV is true c) all except IV are true d) only III is true

Essentials Of Investments
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
Section: Chapter Questions
Problem 1PS
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We have the following statements: | - In a calendar convention the number of days in a year is always 365. II - In a banking convention the number of days in a Month May not be equal to 30. III - Always the number of days in the calendar convention is greater than in the banking convention. IV - For creditors calculating the fraction of a year it is always better to use (in denominator) the number of days in a year according to banking convention. a) all are false b) only IV is true c) all except IV are true d) only III is true
Transcribed Image Text:We have the following statements: | - In a calendar convention the number of days in a year is always 365. II - In a banking convention the number of days in a Month May not be equal to 30. III - Always the number of days in the calendar convention is greater than in the banking convention. IV - For creditors calculating the fraction of a year it is always better to use (in denominator) the number of days in a year according to banking convention. a) all are false b) only IV is true c) all except IV are true d) only III is true
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