Calculate the price of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date
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Calculate the price of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date if the current market rate of return is 1.672%.
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Step1 91 days equivalent to 3 months You want to calculate the interest on 25000 at 16...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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