Jake purchased a $100,000 182-day T-bill discounted to yield 5.5%. When he sold it 30 days later,

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Jake purchased a $100,000 182-day T-bill discounted to yield 5.5%. When he sold it 30 days later, yields had dropped to 5.0%. How much did Jake earn? (Taken from CIFP course materials.)

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:15 AM

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Jake purchased a $100,000 182-day T-bill discounted to yield 5.5%. When he sold it 30 days later,

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Business Mathematics In Canada

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