Suppose you buy a 168-day treasury bill with a face value of $100,000 for $98,929.92. If you
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Suppose you buy a 168-day treasury bill with a face value of $100,000 for $98,929.92. If you immediately sell the T-bill to yield 2%, estimate the amount of interest that you will earn.
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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