You bought a t-bill with a $100,000 face value that matures in 182 days. the discount rate

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You bought a t-bill with a $100,000 face value that matures in 182 days. the discount rate was 4.84%

(a) how much did you pay?

(b) what was the bond equivalent yield on your T-bill?

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Intermediate Accounting Volume 1

ISBN: 9780135236109

4th Edition

Authors: Kin Lo, George Fisher

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Posted Date: Jul 25, 2023 07:24 AM

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You bought a t-bill with a $100,000 face value that matures in 182 days. the discount rate

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a To calculate how much you paid for the Tbill we use the formula for th... View the full answer

Intermediate Accounting Volume 1

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