Question: When discounted to yield 9.5% com- pounded quarterly, a $4500 four-year promissory note bearing interest at 11.5% compounded semi- annually was priced at $5697.84. How

When discounted to yield 9.5% com- pounded quarterly, a $4500 four-year promissory note bearing interest at 11.5% compounded semi- annually was priced at $5697.84. How long after the issue date did the discounting take place?

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