What Is the Price of a Commercial Paper with a Face

question 77

Multiple Choice

What is the price of a commercial paper with a face value of $100 000 and 120 days until maturity that is issued at a yield of 5% p.a.?

• A)$84 251.50
• B)$91 843.10
• C)$97 685.46
• D)$98 382.75

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Definitions:

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