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Home / Questions / A Commercial Paper (CP) with a face value of Rs.25,00,000 is issued at a discounted value

A Commercial Paper (CP) with a face value of Rs.25,00,000 is issued at a discounted value

A Commercial Paper (CP) with a face value of Rs.25,00,000 is issued at a discounted value of Rs.24,03,846. The term and the rate of the CP respectively are


[A]3-month and 8%
[B]3-month and 16%
[C]6-month and 12%
[D]9-month and 8%

Dec 28 2017 View more View Less

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