On April 1, $25 000, 364-day treasury bills were auctioned off to yield 2.92%. (a) What is
Question:
(a) What is the price of each $25 000 T-bill on April 1?
(b) What is the yield rate on August 15 if the market price is $24 377.64?
(c) Calculate the market value of each $25 000 T-bill on October 1 if the rate of return on that date is 4.545%.
(d) What is the rate of return realized if a $25 000 T-bill purchased on April 1 is sold on November 20 at a market rate of 4.625%?
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a S 25 00000 r 00292 t 364365 P 25 00000100292364365 25 000001029120 24 29260 The price of the Tbill ...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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