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Question
Use ordinary interest at exact time to solve.
Face Value of CP | Interest Rate | Time in Days | Interest | Bank Service Fee | Cost of CP | Yield |
---|---|---|---|---|---|---|
800,000 | 5.75% | 120 | a. | 50 | b. | c. |
Solution
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Answered 1 year ago
Step 1
1 of 8In this problem, we need to find the interest, cost of CP and yield of the CP.
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