Suppose a company purchases $1 million of 180-day commercial paper issued by VP, a large finance company, for a price of
Posted: Mon Mar 21, 2022 4:32 pm
Suppose a company purchases $1 million of 180-day commercial
paper issued by VP, a large finance company, for a price of
$994,952. Calculate the discount yield on commercial paper.
Please round the final answer to three decimal places in
percentage form. (Write the percentage sign in the "units"
box)
Your Answer:
paper issued by VP, a large finance company, for a price of
$994,952. Calculate the discount yield on commercial paper.
Please round the final answer to three decimal places in
percentage form. (Write the percentage sign in the "units"
box)
Your Answer: