A 80 day note for $90 bears simple interest at 7 5 and is sold 24 days before maturity to a bank that uses a simple discount rate of 9 5 What are the proceeds Answer S A 80 day note for $90 bears simple interest at 7 5 and is sold 24 days before maturity to a bank that uses a simple discount rate ...

A 80-day note for $90 bears simple interest at 7.5% and is sold 24 days before...

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Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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A 80-day note for $90 bears simple interest at 7.5% and is sold 24 days before...

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Fundamentals of Investment Management

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