Answer:
99 items
Explanation:
Total number of items = 6,800
The number of items per type is:
The number of items of each type counted per day is:
The total number of items counted per day is:
When a bond contract rate is less than the current market rate on the date of issuance, the bond will be sold at Discount
Discount = Contract rate is less than the market rate.
What is meaning of discount and its types?
When a reduction in the amount is allowed in order to encourage more purchase or to have an on time payment is referred to as discount. Discount are classified as: Trade discount: The discount which is allowed when purchases are made in large quantity is known as trade discount.
Contract rate:
The contract rate; also called the coupon rate, stated rate, or nominal rate; is the interest percentage listed on the face of a note or bond. In other words, this is the interest rate that will be paid on the principle balance for the life of the note or bond.
Learn more about bond contract rate:
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<span>GDP stands for Gross Domestic Product and it reflects all goods and services produced within the country. CPI stands for Consumer Consumer Price Index and it reflects the prices of a representative basket of goods and services purchased by the consumers.</span>
