An investor purchased a 182-day, $100 000 T-bill on its issue date. It yielded 3.85%. The investor
Question:
(a) What was the original price of the T-bill?
(b) When the T-bill was sold, what was its yield?
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a b S 100 00000 r 00385 t 182365 P 100 00000100385x 182...View the full answer
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Related Book For 
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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