What Would Be the Current Value of a Bank- Accepted

question 42

Multiple Choice

What would be the current value of a bank- accepted bill with a face value of $5,000,80 days until maturity when the current yield is 8.3% p.a.?

• A)$5,000
• B)$21,064.17
• C)$4,872.64
• D)$4,910.67

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Definitions:

Drinking on the Job

The act of consuming alcohol while engaged in work-related activities, typically frowned upon or prohibited in most workplaces.

Progressive Discipline

A method of employee discipline in which the severity of the penalty increases with each infraction.

Employment-at-Will Doctrine

A legal principle stating that an employer can fire an employee for any reason (except illegal ones) at any time, and the employee can also leave at any time without reason.

Terminate Employment

The process of ending an individual's employment status with an organization, either by the employer or the employee.