A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 0.446%. If

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A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 0.446%. If the yield required by the market remains at 0.446%, how many days before its maturity date will the T-bill's market price first exceed $99,900?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:50 AM

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A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 0.446%. If

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If purchased for 99900 the Tbill will effectively pay 100 inter...View the full answer

Fundamentals Of Business Mathematics In Canada

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