To determine the time of validity of a note with nominal, Financial Management

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To determine the time of validity of a note with nominal

1) To determine the time of validity of a note with nominal value of $ 1,000, discounted value of $ 978 and discount rate per year of 12 %.

2) What would you prefer to invest in the bank to a valuation per year of 10.3 % convertible every half year or to invest in an instrument at a discount with a discount rate per year of 10.14 %?

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Financial Management: To determine the time of validity of a note with nominal

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Financial Management: To determine the time of validity of a note with nominal

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