Aaron wants to make an investment into short-term promissory notes that will yield him a return of

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Aaron wants to make an investment into short-term promissory notes that will yield him a return of 6.5% per annum. What amount should he pay today for a 135-day note with face value $8300 and interest at 7%, if this note was issued 45 days ago?

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Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Sep 15, 2023 01:17 AM

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Aaron wants to make an investment into short-term promissory notes that will yield him a return of

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Fundamentals Of Corporate Finance

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