What is the value of a Treasury Bill that has 91days to maturity, if the face value
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Question:
What is the value of a Treasury Bill that has 91days to maturity, if the face value is Ghc 1,500,000 and the current interest rate is 10%. Assume 365days in a year.
b. What is the value of a Treasury Bill that has 91days to maturity, if the face value is Ghc 2,500,000 and the current interest rate is 15%. Assume 365days in a year.
Expert Answer:
Answer STEP1 Simple interest STEP2 Principal x Time X rate of interest a Principal face value ... View the full answer
Related Book For 
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
