A 90 day Commercial Bill was traded in the market 42 days later.

Calculate "n" (show as days)

Question

A 90 day Commercial Bill was traded in the market 42 days later.

Calculate "n" (show as days)

BlackTom AI · Accepted Answer

This question involves a straightforward calculation of the remaining tenor of a 90-day commercial bill after a certain number of days have elapsed.
First, identify the initial tenor of the bill: 90 days.
Next, note the time that has already passed: 42 days have elapsed since the bill was traded.
To find the remaining time until maturity, subtract the elapsed days from the original tenor: 90 − 42.
Performing the subtraction: 90 minus 42 equals 48.
Therefore, the remaining days until maturity (the value of n) is 48.

BFIN011 Week 6: Practice Quiz

A 90 day Commercial Bill was traded in the market 42 days later. Calculate "n" (show as days)

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