Multiple Choice
A 1-month (30-day) USCP with a face value of USD 5 million is quoted at a rate of discount of 2.31%. How much is the paper worth?
A) USD 4,884,500.00
B) USD 4,990,375.00
C) USD 4,990.506.85
D) USD 4,990,393.49
Correct Answer:
Verified
Correct Answer:
Verified
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