What is the effective, compound rate of interest you earn

What is the effective, compound rate of interest you earn if you enter into a repurchase agreement in which you buy a Treasury bill for $76,789 and agree to sell it after a month (30 days) for $77,345? What is the com pound rate of interest you pay if you sell a Treasury bill for $76,789 and repurchase it after

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What is the effective, compound rate of interest you earn if you enter into a repurchase agreement in which you buy a Treasury bill for $76,789 and agree to sell it after a month (30 days) for $77,345? What is the com pound rate of interest you pay if you sell a Treasury bill for $76,789 and repurchase it after 30 days for $77,345?

Answer

$76,789(1 + i ) 30/365 Â = $77,345 Â Â Â Â Â Â Â Â Â Â 76,789(1 + i ) .082192 Ââ€¦View the full answer