A $114,000, 182-day Province of New Brunswick Treasury bill was issued 80 days ago. What will it sell at today to yield the purchaser 4.76% ? (Use 365 days a year. Do not re answer to the nearest cent.) Price
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- A $100,000, 156-day Government of Canada Treasury bill was purchased on its date of issue to yield 1.9%. (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. What price did the investor pay? Purchase price $4 b. Calculate the market value of the T-bill 82 days later if the rate of return then required by the market has: Market value (1) Risen to 2.2% (ii) Remained at 1.9% (iii)Fallen to 1.6% c. Calculate the rate of return actually realized by the investor if the T-bill is sold at each of the three prices calculated in Part (b). (1) r = (11) r (iii)rA $100,000, 156-day Government of Canada Treasury bill was purchased on its date of issue to yield 1.9%. (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. What price did the investor pay? Purchase price $4 b. Calculate the market value of the T-bill 82 days later if the rate of return then required by the market has: Market value (i) Risen to 2.2% (ii) Remained at 1.9% (iii)Fallen to 1.6% c. Calculate the rate of return actually realized by the investor if the T-bill is sold at each of the three prices calculated in Part (b). (i) r = (ii) r (iii)rAn investment dealer paid $24 756.25 to acquire a $25 OOO, 182-day Government of Canada treasury bill at the weekly auction. What was the annual rate of return on this T-bill?
- A 91-day Treasury Bill with a face value of $150,000 is sold to yield 3.01 % p.a. What is the purchase price of the T-Bill? Round your answer to 2 decimal places.8 Brampton Truck Parts needs $652,000 to take a cash discount of 2.50/10, net 70. A banker will loan the money for 60 days at an interest cost of $14,100. a. What is the annual rate on the bank loan? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Annual rate b. How much would it cost (in percentage terms) if Brampton did not take the cash discount and paid the bill in 70 days instead of 10 days? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Cost of not taking a cash discount c. Should Burt's borrow the money to take the discount? Yes No % d. If the banker requires a 10 percent compensating balance, how much must Burt's borrow to end up with the $652,000? (Round the final answer to the nearest whole dollar.) Amount to be borrowed $ Annual rate % e-1. What would be the interest rate in part d if the interest charge for 60 days were $25,000? (Use 365 days in a…Calculate the price of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date if the current market rate of return is 1.672%. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Price
- The D.J. Masson Corporation needs to raise $500,000 for 1 year to supply working capital to a new store. Masson buys from its suppliers on terms of 3/10, net 90, and it currently pays on the 10th day and takes discounts. However, it could forgo the discounts, pay on the 90th day, and thereby obtain the needed $500,000 in the form of costly trade credit. What is the effective annual interest rate of this trade credit?A holder of a 90-day bill with 40 days left to maturity and a face value of $ 100, 000 chooses to sell it into the market. If bills maturing in 40 days are currently yielding 1.75% per annum, what price will be obtained? (Assume there are 365 days in a year, and answers must be rounded to two decimal places) $ Please only use a plain number as your answer and don't insert a comma. For example, if you get 1000, please use 1000, and don't use 1,000.You purchased a 270-day $1,000,000 banker's acceptance (BA) six months ago at a discount rate of 6.75%. You sell it today, with 90 days remaining to maturity, at a discount rate of 5.95%. a) What is your rate of return? Use 360-day to annualize. b) What 90-day discount rate when selling the BA today will yield a rate of return of 10% instead of the one obtained in question (a)? c) Explain why a BA is conisdered an off-balance sheet item?
- The Treasury Department auctioned $33 billion in 3-month bills in denominations of $10,000 at a discount rate of 6.300%. What would be the effective rate of interest? Note: Use calendar year. Do not round intermediate calculations. Round your answer to the nearest hundredth percent.A 9-month $6000 Treasury bill with discount rate 7.966% was sold in 2009. Find a. the price of the T-bill, and b. the actual interest rate paid by the Treasury. a. The price of the T-bill is $ (Round to the nearest dollar as needed.)A 90-day, $50,000 face value treasury bill was issued when yields were 0.72%. What was its purchase price?For full marks your answer should be rounded to the nearest cent. Not use excel
