Assuming Tom issues a 30-day note to Camille on November 1. The discount date is November 5.
What is Discount date?
Discount date is the date in which the payment must be made or taken.
Since the 30-day note was issued on November 1 in which the note sold out after 4 days. After 4 days is November 5.
Note issued date: November 1
Note sold out date: November 5
Therefore the discount date is November 5.
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