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Home Q & A Board Science-Related Homework Help Mathematics
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johnboycs johnboycs
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10 months ago
270-Day Commercial Paper with a face value of $500,000 was sold 206 days after it was issued at a price that would provide a simple rate of interest to the purchaser of 9.85%. What was the price?

▸ $473,668

▸ $508,636

▸ $491,511

▸ $527,796

▸ $490,929
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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DPhoenixDPhoenix
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Anonymous
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6 months ago
Help! The answer is missing an explanation...
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