This topic contains a solution. Click here to go to the answer
« previous next »

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 74 times)

joesmith1212

  • Hero Member
  • *****
  • 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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joesmith1212 on Jun 6, 2019

aruss1303

  • Sr. Member
  • ****
  • Posts: 314
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.
Answer Preview
Only 55% of students answer this correctly


joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Exercise increases the heart rate. Exercise increases the heart rate.
Bill Viola, The Reflecting Pool. Bill Viola, The Reflecting Pool.
How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
How to solve rate problems leading to fractional equations (Question 2) How to solve rate problems leading to fractional equations (Question 2)
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
Video: Leukemia

For a complete list of videos, visit our video library