On April 1, $100 comma 000.00 364-day treasury bills were auctioned off to yield 3.37 %.(a) What is the price of each $100 comma 000.00 T-bill on April 1?(b) What is the yield rate on August 17 if the market price is $97 comma 388.96?(c) Calculate the market value of each $100 comma 000.00 T-bill on September 25 if the rate of return on that date is 3.987%.(d) What is the rate of return realized if a $100 comma 000.00 T-bill purchased on April 1 is sold on November 6 at a market rate of 4.134%?
On April 1, $100 comma 000.00 364-day treasury bills were auctioned off to yield 3.37 %.(a) What is the price of each $100 comma 000.00 T-bill on April 1?(b) What is the yield rate on August 17 if the market price is $97 comma 388.96?(c) Calculate the market value of each $100 comma 000.00 T-bill on September 25 if the rate of return on that date is 3.987%.(d) What is the rate of return realized if a $100 comma 000.00 T-bill purchased on April 1 is sold on November 6 at a market rate of 4.134%?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
On April 1, $100 comma 000.00 364-day treasury bills were auctioned off to yield 3.37 %.
(a) What is the price of each $100 comma 000.00 T-bill on April 1?
(b) What is the yield rate on August 17 if the market price is $97 comma 388.96?
(c) Calculate the market value of each $100 comma 000.00 T-bill on September 25 if the rate of return on that date is 3.987%.
(d) What is the rate of return realized if a $100 comma 000.00 T-bill purchased on April 1 is sold on November 6 at a market rate of 4.134%?
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