As an investor, you decided to purchase a-90 day Bank Bill that has a face value of
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As an investor, you decided to purchase a-90 day Bank Bill that has a face value of $100,000. When purchased, the bill had 80 days to maturity and was yielding 7.25%. After holding the bill for 30 days, interest rates declined to 7.00% and you sold the bill. What dollar amount of interest did you earn?
Related Book For
Financial Analysis with Microsoft Excel
ISBN: 978-1285432274
7th edition
Authors: Timothy R. Mayes, Todd M. Shank
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