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The annualized discount rate on a particular money market instrument is 375%. The face value is $200,000, and it matures in 51 days What is its price What would be the price if it had 71 days to


The annualized discount rate on a particular money market instrument, is 3.75%. The face value is $200,000, and it matures in 51 days. What is its price? What would be the price if it had 71 days to maturity?

Apr 01 2020 View more View Less

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