A 90-Day Promissory Note with a Face Value of $500

question 22

Multiple Choice

A 90-day promissory note with a face value of $500 000 is issued at a yield of 7.789% per annum.Calculate its price.

• A) $379 971.77
• B) $419 442.84
• C) $490 578.08
• D) $490 711.67

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Definitions:

Active Listening

The practice of fully concentrating, understanding, responding, and remembering what is being said in a conversation.

Formal Meetings

Scheduled gatherings of members within an organization or group, characterized by set agendas, specific rules, and formal communication.

Feedback

Information provided about the result of an action or process, serving as a basis for improvement or adjustment.

Feedback

Information provided by an agent (e.g., an individual, group, etc.) regarding aspects of one's performance or understanding, intended to guide future improvement.