What is the discount and the proceeds for the following discounted notes: Face value $26,000, Discount rate 10.5%, Time 180 days.
Thank you for the opportunity to help you with your question!
discount = MDT = 26000*10.5%*180/360 = 1365
proceed = 26000-1365= 24635
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?