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Business, 15.07.2020 03:01 leo4687

On Oct. 14, Sheffield Company discounted at Sunshine Bank a $9,000 (maturity value), 113-day note dated July 13. Sunshine’s discount rate was 11%. Required:
What proceeds did Sheffield Company receive?

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On Oct. 14, Sheffield Company discounted at Sunshine Bank a $9,000 (maturity value), 113-day note da...

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