Question: A 180 day days after issue. Con held the note to maturity The note was issued at a yield to maturity of 5.02% simple discount
A 180 day days after issue. Con held the note to maturity The note was issued at a yield to maturity of 5.02% simple discount Bob paid a price which would give a yield to maturity of 4.61% simple discount note has a face value of $100,000. Ann bought the note at issue. Ann sold it to Bob 51 days after issue. Bob sold it to Con 133 but allowing for the t sale he achieved a yield of 3.49% simple interest. Determine the simple interest rte p a achieved by Ann. Express your answer as a percentage to 2 decimal places. (e.g. 5.12%) Assume a 365-day A 180 day promissory note has a face value of $100,000. Ann bought the note at issue. Ann sold it to Bob 51 days after issue. Bob sold it to Con 133 days after issue. Con held the note to maturity The note was issued at a yield to maturity of 5.02% simple discount Bob paid a price which would give a yield to maturity of 4.61% simple discount, but allowing for the subsequent sale he achieved a yield of 3.49% simple interest. Determine the simple interest rate pa. achieved by Ann. Express your answer as a percentage to 2 decimal places eg. 5.12%) Assume a 365 day
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
