Question: Avishek has $49,583.72 and wants to buy a T-bill with a face value of $50,000.00 that matures on 2020-04-17. The annual simple interest rate is

Avishek has $49,583.72 and wants to buy a T-bill with a face value of $50,000.00 that matures on 2020-04-17. The annual simple interest rate is 3.000% and the daycount convention is ACT / 360. What is the last day on which he can still buy the T-bill?

2020-01-08

2020-01-10

2020-01-09

2020-01-06

2020-01-07

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