The discount rate for the US T-bill that was issued on October 12, 2023 and maturing on

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The discount rate for the US T-bill that was issued on October 12, 2023 and maturing on January 11, 2023 is 5.340%.

What is the price that is paid if one buys that T-bill? Answer to six decimal places.

What is the geometric rate of return for holding the T-bill for 91 days? Use 365 days.

Related Book For answer-question

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Nov 30, 2023 11:08 PM

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The discount rate for the US T-bill that was issued on October 12, 2023 and maturing on

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Intermediate accounting

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