Calculate the price on its issue date of $100,000 face value, 90-day commercial paper issued by GE Capital Canada if the prevailing market rate of return is 1.932%. (Do not round the intermediate calculations. Round your final answer to the nearest whole number.)

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A: P=principle=1600r=interest rate=8.7%=0.087t=time=45 day=45365 yearI=interest

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Q: 7

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