Author Question: You bought a $100 000 91-day T-bill for $99 453.67 61 days before maturity. What discount rate was used? (Read 152 times)

joesmith1212 · **on:** Jun 6, 2019

Question 1

You purchase a 182-day treasury bill for $240,000 at a rate of 3.546%. What did you sell it for 111 days before maturity if the new interest rate is 3.778%?
◦ $241 469.24
◦ $238 220.20
◦ $238 320.20
◦ $238 100.20
◦ $238 200.20

Question 2

You bought a $100 000 91-day T-bill for $99 453.67 61 days before maturity. What discount rate was used?
◦ 3.99%
◦ 3.29%
◦ 4.39%
◦ 2.39%
◦ 3.49%

aruss1303 · **Reply #1 on:** Jun 6, 2019

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