Question: The payee on a three month 2 7 0 0 note earning interest at 8 % wishes to sell the note to write some cash

The payee on a three month 2700 note earning interest at 8% wishes to sell the note to write some cash would probably should she prepared to except for the note dated May 19 on June 5 in order to yield the purchaser an 11% rate of return

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