A simple discount rate has face value of php 28,000.00 and proceeds of php 27,000.00. find the discount rate if the rate is for 125 days. *

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 21P
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A simple discount rate has face
value of php 28,000.00 and
proceeds of php 27,000.00.
find the discount rate if the rate
is for 125 days. *
Transcribed Image Text:A simple discount rate has face value of php 28,000.00 and proceeds of php 27,000.00. find the discount rate if the rate is for 125 days. *
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