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  3. when discounted to yield 8,5%, compounded quarterl

When discounted to yield 8,5%, compounded quarterly, a $6.400 six-year promissory note bearing interest at...

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Accounting

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When discounted to yield 8,5%, compounded quarterly, a $6.400 six-year promissory note bearing interest at 12.4% compounded semiannually was prced at $9,609.33 How long after the issue date did the discounting take place? (Do not round the intermediate calculations. Round your answer to the nearest month.) The discounting took place years) and month(s) after issue

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