Business, 10.03.2020 08:08 hawaiisports8976

River Thames Insurance Company plans to sell $2,000,000 of euro-commercial paper with a 60-day maturity and discounted to yield 4.60% per annum (assume 60-day (or two month) compounding period). What will be the immediate proceeds to River Thames Insurance?

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River Thames Insurance Company plans to sell $2,000,000 of euro-commercial paper with a 60-day matur...