A commercial paper has the following characteristics: redemption value of 5,000,000,interestearnedof140,500, and 160 days to maturity. Assuming a 365-day year, the discount rate is closest to:
Exam-Like
A
6.2%.
50.0%
B
6.4%.
50.0%
C
6.6%.
0.0%
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A commercial paper has the following characteristics: redemption value of $5,000,000, interest earned of $140,500, and 160 days to maturity. Assuming a 365-day year, the discount rate is closest to: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
