Explanation:
Lending value (financial advantage) = $200 \times 0.25% \times \frac{150}{360} = `0.20‘80.20`80.20‘8
$200
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Q.4123 Calculate the value of lending $200 cash at a spread of 0.25% for 150 days.
A
$0.208
$0.20
B
$0.304
$0.30
C
$0.308
D
$0.205
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