A corporate treasurer is looking to invest about $ 4 million for 6 0 days. Commercial paper
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A corporate treasurer is looking to invest about $ million for days. Commercial paper rates are a percent discount and CD rates are percent. Comparing the bond equivalent yields over a day year, which is the best alternative? What is the opportunity cost of leaving the funds idle? Do not perform intermediate rounding.
Related Book For
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
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