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Homework answers / question archive / Johnston River Investment Corporation issued a bill of exchange that has a face value of $200,000 which matures in 180 days

Johnston River Investment Corporation issued a bill of exchange that has a face value of $200,000 which matures in 180 days

Finance

Johnston River Investment Corporation issued a bill of exchange that has a face value of $200,000 which matures in 180 days. The interest for a similar loan in the market is 6%.:

If you were the lender, how much money should you give to the Johnson Corporation in exchange for the bill?       

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2.96 USD

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