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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 155 times)

joesmith1212

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  • Posts: 549
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%
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by joesmith1212 on Jun 6, 2019

aruss1303

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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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joesmith1212

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

jomama

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  • Posts: 346
Reply 3 on: Yesterday
Wow, this really help

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