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    Exam 7: Applications of Simple Interest
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    Calculate the Price on Its Issue Date of $100,000 Face
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Calculate the Price on Its Issue Date of $100,000 Face

Question 4

Question 4

Short Answer

Calculate the price on its issue date of $100,000 face value, 90-day commercial paper issued by G E Capital Canada if the prevailing market rate of return is 3.932%.

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