You place a deposit for 91 days at 11.5% on an ACT/360 basis. What would the rate

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You place a deposit for 91 days at 11.5% on an ACT/360 basis. What would the rate have been if it had been quoted on an ACT/365 basis? What is the effective yield on an ACT/365 basis and on an ACT/360 basis?

Related Book For answer-question

Operations and Supply Chain Management

ISBN: 978-0078024023

14th edition

Authors: F. Robert Jacobs, Richard Chase

Posted Date: Mar 28, 2024 08:14 AM

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You place a deposit for 91 days at 11.5% on an ACT/360 basis. What would the rate

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Interest Rate Conversion and Effective Yield Calculation Interest Rate Conversion ACT360 to ACT365 W... View the full answer

Operations and Supply Chain Management

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