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International Economics Olympiad, 2024, 7–11 классы, Financial Literacy Multiple choice questions

Тестовый вопрос

A large, listed company is to issue 90-day commercial paper with a nominal value of $10m. Each paper will have a nominal value of $100,000. The annual required rate of return is 4% assuming a 365-day year. What will be the issue price of each paper?

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Ответ

To determine the issue price of a commercial paper with a nominal value of $100,000, a 90-day maturity, and an annual required rate of return of 4%, we can use the following formula:

Plugging the numbers from the task, we get:

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