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What is the current price of this promissory note

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-A commercial bill with a face value of P50,000 has a current price of P49,291. This bill is trading at a yield of 7.5% which necessarily implies a time to maturity of how many days?

-A commercial bill with a face value of P100,000 has a current price of P97,711. This bill has 95 days to maturity what is its yield?

-A promissory note with a face value of P500,000 has 45 days until maturity. If the relevant yield is 7% then what is the current price of this promissory note?

Reference no: EM132966095

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