Question :
the financial Controller of Intelligence Ltd has realized the company holding a cash balance of HKD 10 Million for a short period of time. In order to increase the return of company, he decides to purchase the short term Commercial Paper issued bu blue chips listed company. The commercial paper will carry 3.25 percent yield for the period from 18 September 2003 to 18 December 2003. Please calculate the total amount to pay for the purchases of the commercial paper.
Financial Analysis-請指教我, 怎樣答???
2007-04-15 12:24 am
回答 (2)
2007-04-24 2:06 am
✔ 最佳答案
I geuss you ask how much the commercial paper pay from 18/9/03 to 18/12/03= $10m * 3.25
= $325,000
2007-04-24 2:06 am
"The total amount to pay for the purchases of the commercial paper" depends on how want the financial controller want to pay
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