|
|
A company is investigating the purchase of a banker’s acceptance (BA). The $1,000,000 face value BA has 150 days to maturity and is quoted at 4.05 percent on a discount-basis yield. If the company’s marginal tax rate is 25 percent, then the money market yield on the BA is closest to:' S1 o* B ]7 h" z- r
) [% K: H6 o# w, L: u7 b8 y+ S
A. 3.13%.
8 p: a0 w2 N, h, p8 o: E
9 B& O) n( L% A5 x8 oB. 4.12%.
- Z4 u( |8 @( R9 l* }( ^( s: W; {
, `' J4 G% J8 Q. iC. 4.18%.
w; q( t3 N/ m" {( z
6 @$ I. X2 I- u! E
) R [2 I/ k2 N2 M8 @3 s回复见答案和详解!.
# R( u5 P% F7 h r% J5 }3 h0 u4 w! D3 e+ ?" }4 g4 U& L. ?
Q H; |5 @( t7 g$ b: S$ q
, f. V+ Y. y3 O |
|