Multiple Choice
A company has directly placed an issue of commercial paper that has a maturity of 90 days,with a face value of $100 000 yielding 8.25% per annum.What amount would the company raise on the issue?
A) $83 096.19
B) $91 750.00
C) $97 965.75
D) $98 006.31
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: A company is offered credit terms of
Q6: What is a bill of exchange either
Q7: For a commercial bill,the interest rate is
Q8: Which of the following is NOT an
Q9: In establishing an overdraft facility with a
Q11: A facility offered by many suppliers of
Q12: When a company provides goods to a
Q13: What is the discount rate of a
Q14: Compared with bill financing,commercial paper financing offers
Q15: When an issuer of commercial paper issue