A BMO mutual fund manager purchased commercial paper with a face value of $2 000 000 from
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A BMO mutual fund manager purchased commercial paper with a face value of $2 000 000 from Aecon for $1 994 000. If the manager held the paper until its maturity 60 days later, what rate of return did it yield?
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Related Book For
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
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