The discount rate for the US T-bill that was issued on October 12, 2023 and maturing on
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Question:
The discount rate for the US T-bill that was issued on October 12, 2023 and maturing on January 11, 2023 is 5.340%.
What is the price that is paid if one buys that T-bill? Answer to six decimal places.
What is the geometric rate of return for holding the T-bill for 91 days? Use 365 days.
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: