Avishek has $49,583.72 and wants to buy a T-bill with a face value of $50,000.00 that matures
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Question:
Avishek has $49,583.72 and wants to buy a T-bill with a face value of $50,000.00 that matures on 2020-04-17. The annual simple interest rate is 3.000% and the daycount convention is ACT / 360. What is the last day on which he can still buy the T-bill?
a.
2020-01-08
b.
2020-01-10
c.
2020-01-09
d.
2020-01-06
e.
2020-01-07
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-1119392132
3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
