An investor purchased a 93-day, Government of Canada T-bill that had a simple interest rate of 3.50%

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An investor purchased a 93-day, Government of Canada T-bill that had a simple interest rate of 3.50% p.a. and face value of $75,000.

Calculate the price he paid for the T-bill?

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Posted Date: May 09, 2023 05:10 AM

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An investor purchased a 93-day, Government of Canada T-bill that had a simple interest rate of 3.50%

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Face Value of TBill 75000 calculating the Price o... View the full answer

Engineering Economic Analysis

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