Question: A company issues a 180-day bill with a face value of $100000 yielding 8.75% per annum. The amount that the company raised on the issue

A company issues a 180-day bill with a face value of $100000 yielding 8.75% per annum. The amount that the company raised on the issue date is Select one: a. none of the given answers. b. $100000. c. $96 850.43. d. $100875. e. $95863.43.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Marla recently inherited $50,000 and is considering two alternatives for investing these funds. Investment A is stock of a C corporation, expected to pay annual dividends of 8 percent. Investment B...

A company issues a 180-day bill with a face value of $100000 yielding 8.75% per annum. The amount that the company raised on the issue date is:

A company issues a 180-day bill, with a face value of $100,000 yielding 8.75 percent per annum. What amount would the company raise on the issue? Consider the same bill from Example 1. the original...

in the United States, why is there a strong relationship between unemployment and GDP? O a. As the US is a net exporter, exports go down when workers are unemployed. This is because there are fewer...

34. A company issues a Flu-day bill with a face value of $10G . yielding 155% per annum. What amount would the company raise an the issue? A: $84 13.4 3: $92 35.21 C:$98123.3EI D:$9314B.52 35. A...

Question 13 Not yet answered Marked out of 1:50 p Flag question A company issues a 180-day bill with a face value of $100 000 yielding 8.75% per annum. The amount that the company raised on the issue...

A company issues a 90day bill with a face value of $100 000, yielding 165% per annum. What amount would the company raise on the issue? (use 365 day's] Select one: (:3 a. 584130.46 :3 b. 592350.21 :3...

A company issues a 90-day bill with a face value of $100 000, yielding 7.65% per annum. What amount would the company raise on the issue? A. $84 130.46 B. $92 350.21 C. $98 123.39 D. $98 148.62 D....

A company issues a 90-day bill with a face value of $100 000, yielding 7.65% per annum. What amount would the company raise on the issue?

please answer to M14-1 to M14-7 and M14 - 8 to M14 -12 at it g-term debt ($21 million/S3,471 million). These corporate bonds were issued at a discount, given that the book values pro vided are less...

What is a constant growth stock? How are constant growth stocks valued?

Multiple Choice Questions: 1) Which of the following is an example of a materials cost standard? A) $40 per direct labor hour B) 50 square feet per unit C) $0.95 Per square foot D) 6 direct labor...

Exam 2 ( i ) 5 6 Proponents of the EMH typically advocate Multiple Choice a conservative investment strategy a liberal investment strategy a passive investment strategy an aggressive investment...

Duane and Thad plan on retiring 27 years from today and plan to have the same amount saved at that time. In preparation for this, Duane is depositing $15,000 today at an annual interest rate of 5.2...

3. What are the similarities and differences between your strategies for expanding your circle of influence and your strategies for improving your power within your existing circle of influence?

2. Identify someone who is currently in your circle of influence but who does not seem to value your abilities or contributions. What influence strategies have you used with that individual in the...

]. Identify someone whom you would like to add to your circle of influence and consider how you could go about creating an interdependent relationship with that person. Be sure to have a clear idea...