Lauren purchased a $40,000 T-bill for $39,200. A few months later, Lauren sold the T-bill for $39,700.

Question:

Lauren purchased a $40,000 T-bill for $39,200. A few months later, Lauren sold the T-bill for $39,700. What was Lauren’s return on the T-bill?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Personal Finance

ISBN: 9780134989969

7th Edition

Authors: Jeff Madura

See More Books

Question Posted: Dec 30, 2022 08:44 AM

See More Questions

Return on T- bills. Lauren purchased a $ 40,000 T- bill for $ 38,400. A few months later, Lauren sold the T- bill for $ 39,000. What was Laurens return on the T- bill?
Bill Heckle's last electric bill is shown below. a. What was the previous reading? b. What is the present reading? c. How many kilowatt-hours of electricity did Bill use during the service period...
A $100,000, 168-day Government of Canada Treasury bill was purchased on its date of issue to yield 3.7%. a. What price did the investor pay? b. CalculatethemarketvalueoftheT-bill85days later if the...
Mick Stone disposed of the following assets during tax year 2020-21: (1) On 19 May 2020, Mick sold a freehold warehouse for 522,000. This warehouse was purchased on 6 August 2008 for 258,000, and was...
On January 1, 2016, Marshall Inc. purchased equipment for $ 1,000,000 that was to be used in various toxic chemical processes. The asset has a useful life of 20 years. Additionally, Marshall...
Should today's businesses take a shareholder approach to business or a stakeholder approach to business? Why?
For water, below the atmospheric pressure: (a) Melting point rises slowly and boiling point drops markedly (b) Melting point drops slowly and boiling point rises markedly (c) Melting point rises...
Sketch vo for the network of Fig. 2.169 and determine the dc voltage available. 100 V Ideal diodes -100 V 2.2 k 2.2 k 2.2 k
Damon Associates reported the following transactions during September 2017: Sept. 8 Sold $3,000 of merchandise to Bruce Company for cash. The cost of the merchandise was $1,250 10 Owner invested...
A railway wagon weighing 50 kN and moving with a speed of 8 km per hour has to be stopped by four buffer springs in which the maximum compression allowed is 220 mm. Find the number of turns in each...
Brenda purchased a $30,000, ninety-day T-bill for $29,850. What will
What are the advantages of using direct deposit?
Indicate whether each of the following materials is a substance, a heterogeneous mixture, or a Solution. a. Milk b. Bromine c. Gasoline d. Aluminum
To succeed in international trade, it is crucial to know what to sell and how to sell a product or service. For example, a company that specializes in pork-based products would likely not find a...
How do ecological disturbances, such as wildfires, invasive species invasions, and disease outbreaks, interact with ecosystem structure and function, and what are the implications for ecosystem...
To understand both the professional and organizational identity threats at play for organizational members as they confront alternative new ways of working To explore the leadership challenges...
What are the socio-ecological implications of ecosystem degradation and biodiversity loss, and how can collaborative governance approaches be leveraged to promote sustainable resource use and...
What is the function of registers in the fetch-execute instruction cycle? What is the purpose of the instruction register? Q.9 Define the terms: Master slave multiprocessing Symmetrical...
A state's Department of Education has rated a sample of local school systems for compliance with state-mandated guidelines for quality. Is the quality of a school system significantly related to the...
The area of square PQRS is 100 ft2, and A, B, C, and D are the midpoints of the sides. Find the area of square ABCD. B A
Should the Reduced Tax Rate on Dividends Affect an MNCs Capital Structure? Point No. The change in the tax law reduces the taxes that investors pay on dividends. It does not change the taxes paid by...
1. What is an advantage of using equity to support the subsidiary? What is a disadvantage? 2. If Jim decides to use long-term debt as the primary form of capital to support this subsidiary, should he...
1. If Blades expands into Thailand, do you think its cost of capital will be higher or lower than the cost of capital of roller blade manufacturers operating solely in the United States? Substantiate...
Compute ABC Company's cost of capital based on the following information: Risk free rate: 2% Tax rate: 40% Effective interest of debt: 15% Market rate of return: 12% Beta: 1.6 FMV of preferred stock...
You have an outstanding student loan with required payments of $500 per month for the next four years. The interest rate on the loan is 9% APR (compounded monthly). Now that you realize your best...
The Ogden Corporation makes an investment of $25,000, which yields the following cash flows: Year Cash Flow 1. $5,000 2..... 5,000 3. 8,000 4... 9,000 5... 10,000 What is the present value with a 9...

Lauren purchased a $40,000 T-bill for $39,200. A few months later, Lauren sold the T-bill for $39,700.

Question:

Step by Step Answer:

Laurens return ...View the full answer

Personal Finance

Students also viewed these Business questions