Your firm invested 2500000 in 190-day commercial paper


Question - Your firm invested $2,500,000 in 190-day commercial paper today. At the end of the investment period (in 190 days) the firm will receive $2,592,400.

What is the 190-day holding period rate of return on the investment?

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Accounting Basics: Your firm invested 2500000 in 190-day commercial paper
Reference No:- TGS02906691

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