What is the discount and the proceeds for the following discounted notes

Business & Finance
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What is the discount and the proceeds for the following discounted notes: Face value $26,000,  Discount rate 10.5%,  Time 180 days.

Dec 5th, 2015

Thank you for the opportunity to help you with your question!

discount = MDT = 26000*10.5%*180/360 = 1365

proceed = 26000-1365= 24635

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Dec 5th, 2015

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