ACI
3I0-012 · Question #685
3I0-012 Question #685: Real Exam Question with Answer & Explanation
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Question
A 1-month (30-day) USCP with a race value of USD 5 million is quoted at a rate of discount of 2.31%. How much is the paper worth?
Options
- AUSD 4,884,500.00
- BUSD 4,990,375.00
- CUSD 4,990.506.85
- DUSD 4,990,393.49
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