If the Value at Maturity Is $2,860,000 Calculate the 90-Day

question 26

Multiple Choice

If the value at maturity is $2,860,000 calculate the 90-day B/A rate.(Round your intermediate values to four decimal places.Assume 360 days in a year.)

• A) 5.2%.
• B) 6.4%.
• C) 7.4%.
• D) 8.2%.

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Definitions:

Directory

A form of government or administrative structure, specifically referencing the five-member committee that governed France from 1795-1799 during the later stages of the French Revolution.

Consulate

A government system or office where officials represent their country in a foreign city, chiefly dealing with administrative matters and assisting their nationals.

Authoritarian Character

A trait or demeanor characterized by strict obedience to authority at the expense of personal freedom, often found in leaders who exert absolute control over others.