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Author Question: Meher purchased a $100 000.00, 182-day T-bill on April 4, 2012.a) If the annual rate of return is ... (Read 68 times)

shofmannx20

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on: Jun 6, 2019

Question 1

An investor purchased $250 000 in 91-day T-bills on the issue date for $248 157.56. After holding the T-bills for 37 days, she sold them for a yield of 3.25%.
a) What was the original yield of the T-bills?
b) For how much did the investor sell the T-bills?
c) What rate of return (per annum) did the investor realize while holding this T-bill?

Question 2

Meher purchased a $100 000.00, 182-day T-bill on April 4, 2012.
a) If the annual rate of return is 4.2%, calculate the purchase price.
b) Calculate the selling price of the bill if it is sold on June 20, 2012 to yield 3.19%.
c) Calculate the rate of interest realized.
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by shofmannx20 on Jun 6, 2019

joanwhite

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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shofmannx20

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Reply 2 on: Jun 6, 2019
Thanks for the timely response, appreciate it

EAN94

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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