Bank discount yield to maturity of note
A new issue of 90-day commercial paper is available from a dealer at $97.60 on a $100 basis.
What is the bank discount yield to maturity of this note?
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Last month a manufacturing company had the following operating results: Beginning finished goods inventory 90000 Ending finished goods inventory 63000
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A new issue of 90-day commercial paper is available from a dealer at $97.60 on a $100 basis. What is the bank discount yield to maturity of this note?
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