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

Author Question: You bought a $100 000 364-day T-bill. The T-bill was discounted at a rate of 5%. If you paid $99 ... (Read 67 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 6, 2019

Question 1

You bought $150 000 in 364-day T-bills. The T-bills were discounted at a rate of 4.432%. If you paid $148 811.24 for the T-bills, how many days before maturity did you buy it?
◦ 52.67 days
◦ 605.27 days
◦ 65.79 days
◦ 56.27 days
◦ 6.527 days

Question 2

You bought a $100 000 364-day T-bill. The T-bill was discounted at a rate of 5%. If you paid $99 900.00 for the T-bill, how many days before maturity did you buy it?
◦ 1 day
◦ 73 days
◦ 7.3 days
◦ 3.7 days
◦ 37 days
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 joe on Jun 6, 2019

nixon_s

  • Sr. Member
  • ****
  • Posts: 359
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


joe

  • Hero Member
  • *****
  • Posts: 627
Reply #2 on: Jun 6, 2019
Excellent


nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #3 on: Jun 6, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Tree species richness in North America is correlated with evapotranspiration rate. Tree species richness in North America is correlated with evapotranspiration rate.
Acceptable ranges of respiratory rate Acceptable ranges of respiratory rate
Relative rate test, calibrating the molecular clock, and calculating divergence dates. Relative rate test, calibrating the molecular clock, and calculating divergence dates.
Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ... Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ...
Bill Viola, The Reflecting Pool. Bill Viola, The Reflecting Pool.
How to convert units of any rate to another (Part 2) How to convert units of any rate to another (Part 2)
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library