Assume that 3 - month Treasury bills totaling $ 3 3 billion were sold in $ 1
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Question:
Assume that month Treasury bills totaling $ billion were sold in $ denominations at a discount rate of In addition,
the Treasury Department sold month bills totaling $ billion at a discount rate of
a What is the discount amount for a $month bill?
Note: Do not round intermediate calculations. Round your final answer to the nearest cent.
Discount amount for month bills
b What is the discount amount for a $month bill?
Note: Do not round intermediate calculations. Round your final answer to the nearest cent.
Discount amount for month bills
c What is the effective rate for a $month bill?
Note: Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.
d what is the effective rate for a $month bill
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