The results of Tender 1065 herd on 2nd tvfay2008 for Government of Ghana Securities show the rates
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Question:
The results of Tender 1065 herd on 2nd tvfay2008 for Government of Ghana Securities show the rates for 91 Day and 182 Day Treasury Bills as follows:
TREASURY BILLS AND NOTES
Securities
91 Day Bill
182 Day Bill
l Year Note
2 Year Fixed Rate Note
Range of Bid
Rates (% P.A)
10.79 - 13.00
11.00 - 12.70
12.00 - 14.00
13.00 - 14.00
Bid Rates Allotted in Full (% P.A)
Discount
Rates
10.79 - 12.80
11.00 - 12.70
Interest Rates
?-?
?-?
12.00 - 14.00
13.00 - 14.00
3 Year Fixed Rate Note 14.00 - 16.50 14.00 - 16.50
Using the Discount Rates provided for the 91 Day Bill and 182 Day Bill, calculate their Interest Equivalent Rates indicated in the table with Question Marks (?).
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