Calculate the price on its issue date of $100,000 face value, 90-day commercial paper issued by GE

Question:

Calculate the price on its issue date of $100,000 face value, 90-day commercial paper issued by GE Capital Canada if the prevailing market rate of return is 3.932%.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 07:15 AM

See More Questions

Calculate the price of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date if the current market rate of return is 3.672%.
Calculate the price of a $50,000, 91-day Province of Nova Scotia Treasury bill on its issue date when the market rate of return was 4.273%.
Determine the amount of interest to be included in income in Years 1, 2, and 3 for each of the following situations. Income tax reference: ITA 12(1)(c), 12(3), (4), (11). Percel Ltd. has a December...
As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal year beginning January 1, 2009, the following tentative trial balance as of December 31, 2008, is prepared...
Select the best answer for each of the following. 1. Which of the following is not a characteristic of a partnership? (a) Limited life. (b) Mutual agency. (c) Limited liability. (d) Right to dispose...
Mr. Miyagi is very excited because sales for his nursery and plant company are expected to double from $600,000 to $1,200,000 next year. Mr. Miyagi notes that net assets (Assets Liabilities) will...
A $30.5-\mu F$ parallel-plate capacitor initially has air between its plates and is connected to a $24.0-\mathrm{V}$ battery. The capacitor is then submerged in distilled water. What is the...
Winery Incorporated (WI) is a private corporation formed in 20X8. Prior to 20X8, WI had been operating as a partnership by the Verity family. Due to their success and desire to expand, they have made...
14.An equi-concave lens of radius of curvature 15 cm and = 1.5 is placed in water (=1.33). If one surface is silvered, then image distance from lens when an object is placed at distance of 14 cm from...
Maurice Browne recorded the following times assembling a watch. Determent (a) The average time (b) The normal time (c) The standard time taken by him, using a performance rating of 95% and a personal...
Over the past 35 years, the prevailing market yield or discount rate on 90-day T-bills has ranged from a low of 0.20% in May 2009 to a high of 20.82% in August of 1981. (The period from 1979 to 1990...
A money market mutual fund purchased $1 million face value of Honda Canada Finance Inc. 90-day commercial paper 28 days after its issue. What price was paid if the paper was discounted at 4.10%?
Show that for the case f k = 0, k > 2, the extinction probability is the same as in Example 1-1. Connect the condition f 2 > f 0 with the condition > 1. (Advice: When solving (1.3), use the fact...
Hyunwoo is a human resource professional working for an electronics firm. She is studying various research on group dynamics, and how it can provide the best working conditions for an employee. She...
Part A A microorganism swimming through water at a speed of 150 m/s suddenly stops swimming. Its speed drops to 75 m/s in 1.8 ms What is the total distance in m it travels while stopping? Express...
In the study of human behaviors, organizational leaders must understand concepts such as values, attitudes, perceptions, and behaviors of people. The objective is to align their thoughts, emotions,...
Compute the price of a 4 . 8 percent coupon bond with 1 0 years left to maturity and a market interest rate of 7 . 4 percent. ( Assume interest payments are semiannual. ) Note: Do not round...
A 67 kg soccer player jumps vertically upwards ad heads the 0.47 kg ball as descends vertically with a speed of 24m/s .If the player was moving upward with a speed of 4.0 m/s just before impact, what...
In Exercises determine any differences between the curves of the parametric equations. Are the graphs the same? Are the orientations the same? Are the curves smooth? Explain. (a) (b) (c) (d) x = 2...
The diameter of a sphere is 18 in. Find the largest volume of regular pyramid of altitude 15 in. that can be cut from the sphere if the pyramid is (a) square, (b) pentagonal, (c) hexagonal, and (d)...
Solve each of the following pairs of equations using either the substitution or elimination methods. Verify your solution in each case. g - h = 17 4 / 3 g + 3 / 2 h = 0
Fassbender Industries tracks the annual sales from each of its six divisions to help evaluate performance and plan budgeting for the following year. Calculate the market share (divisional share) for...
Six different brands compete in the same Canadian market and their sales for 2018 and 2019 are shown in the following table. Calculate the market share for each brand for both 2018 and 2019. Brand a....
What year was Linux created? What type of User Face is Linux ? What are the features in Linux? What is the historical significance of Linux? What is the current version of Linux?
Use the information below to answer the questions that follow. U.S. $ EQUIVALENT U.K. pound () 1.5939 Canada dollar (Can$) 1.0091 a. Which would you rather have, $100 or 100? CURRENCY PER U.S. $...
What are the molecular mechanisms underlying cellular respiration, and how do they facilitate the conversion of chemical energy stored in organic molecules into adenosine triphosphate (ATP) for...

Calculate the price on its issue date of $100,000 face value, 90-day commercial paper issued by GE

Question:

Step by Step Answer:

Price S ...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions