Potter Ltd arranges a 91 day commercial bill 91 days because the 90th day was a Sunday The face value is $100 000 and Potter receives $98 505 00 What is the yield ...

Potter Ltd arranges a 91-day commercial bill: 91 days because the 90th day was a Sunday. The

Question:

Potter Ltd arranges a 91-day commercial bill: 91 days because the 90th day was a Sunday. The is $100 000 and Potter receives $98 505.00. What is the yield?
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...