The Note Was Sold 132 Days Prior to the Maturity

question 55

Multiple Choice

The note was sold 132 days prior to the maturity date to a bank.The bank pays $14,655.23 for the note.What rate of simple discount,d,did they use to determine this price?

• A)5.91%
• B)6.43%
• C)6.58%
• D)6.74%

---

Definitions:

Unspoken Needs

Customer requirements or desires that are not directly expressed or communicated, often identified through observation, research, or predictive analytics.

Unserved Markets

Market segments that current products, services, or companies do not reach or address.

Market Research Project

A structured initiative that gathers information about consumers' needs and preferences in a specific market.

Problems

Issues or difficulties that need to be solved or dealt with, often requiring thought and action to overcome.