You purchase a 188-day, $1000 U.S. Treasury bill at 0.36% discount. On the date of maturity, you

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You purchase a 188-day, $1000 U.S. Treasury bill at 0.36% discount. On the date of maturity, you will receive $1000. What is the actual rate of interest of the Treasury bill? Express the rate as a percent rounded to four decimal places.

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A Survey Of Mathematics With Applications

ISBN: 9780135740460

11th Edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Posted Date: Jul 05, 2023 06:47 AM

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You purchase a 188-day, $1000 U.S. Treasury bill at 0.36% discount. On the date of maturity, you

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Definition of Treasury Bill A treasury bill is a kind of debt security issue... View the full answer

A Survey Of Mathematics With Applications

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