The return on a commercial bill for a holder at its maturity is the difference between its discounted purchase price and the face value of the bill.

Name: The return on a commercial bill for a holder at its maturity is the difference between its discounted purchase price and the face value of the bill.
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A commercial bill is a discount instrument where the return to the holder of the bill is the difference between the discounted price and the face value at maturity.

The Return on a Commercial Bill for a Holder at Its