Question: (1) A single payment security matures in 100 days and has a maturity value of $50,000. What would be price be if: (a) A discount

(1) A single payment security matures in 100 days and has

(1) A single payment security matures in 100 days and has a maturity value of $50,000. What would be price be if: (a) A discount rate of 3% is applied (b) A discount rate of 8% is applied Assume that this is a U.S. security, so Days in a Year (diy) is 360.(8%)

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