An investor bought a Promissory note for 250 000 and held it until it matured, 356...

 

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An investor bought a Promissory note for 250 000 and held it until it matured, 356 days later. If he received 295 000 for it, what is the discount rate on the PN? Question 9 Your broker quotes a 180 Day U.S T-Bill Trading at 97.2 from par, and a 90 day T-Bill trading at 98.6. Which will you invest in and what is your annual return? An investor bought a Promissory note for 250 000 and held it until it matured, 356 days later. If he received 295 000 for it, what is the discount rate on the PN? Question 9 Your broker quotes a 180 Day U.S T-Bill Trading at 97.2 from par, and a 90 day T-Bill trading at 98.6. Which will you invest in and what is your annual return?

Answer rating: 100% (QA)

For the first question The face value of the Promissory note is 250000 and it was sold for 295000 at ... View the full answer