Questions 11 to 12 The discount rate for the US T-bill that was issued on October 12, 2023 and maturing on January 11, 2023 is 5.340 %. 11. What is the price that is paid if one buys that T - bill? Answer to six decimal places. A. 98.002176 B. 98.183421 C. 98.650167 D. 98.876581 E. 98.991132 12. What is the geometric rate of return for holding the T - bill for 91 days? Use 365 days. A. 5.60% B. 5.77% C. 5.89% D. 5.98% E. 6.21%

Questions 11 to 12 The discount rate for the US T-bill that was issued on October 12, 2023 and maturing on January 11, 2023 is 5.340 %. 11. What is the price that is paid if one buys that T - bill? Answer to six decimal places. A. 98.002176 B. 98.183421 C. 98.650167 D. 98.876581 E. 98.991132 12. What is the geometric rate of return for holding the T - bill for 91 days? Use 365 days. A. 5.60% B. 5.77% C. 5.89% D. 5.98% E. 6.21%

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter5: Currency Derivatives

Section: Chapter Questions

Problem 4QA

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