Find What will immediate proceeds to Westminster Insurance

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Westminster Insurance Company.

Question 1: Westminster Insurance Company plans to sell $2,600,000 of eurocommercial paper with a 45-day maturity and discounted to yield 6.30% per annum. What will be the immediate proceeds to Westminster Insurance? Assume a360-day year.

Reference no: EM132729283

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Find What will immediate proceeds to Westminster Insurance : Westminster Insurance Company plans to sell $2,600,000 of eurocommercial paper. What will be the immediate proceeds to Westminster Insurance?
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