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Business, 30.07.2021 03:10 thedocgalloway

Chang Co. issued a $50,000, 120-day, discounted note to Guarantee Bank. The discount rate is 6%. Assuming a 360-day year, the cash proceeds to Chang Co. are: a. $49,750
b. $47,000
c. $49,000
d. $51,000

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Chang Co. issued a $50,000, 120-day, discounted note to Guarantee Bank. The discount rate is 6%. Ass...

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