A bill holder wishing to dispose of his bills before maturity would be paid?

By: |Published on: Jul 30|Categories: Commerce WAEC| 0 comments

A. the discount value of the bill
B. the present value of the bill
C. the premium on the bills only
D. the accumulated interest on the bills
E. total face value of the bills with the premium

Correct Answer:

Option A – the discount value of the bill

Users Also Read These:

SEE ALSO  The major procedures in the purchase and sale of goods are enquiry?

Copyright warnings! Do not copy.