On 2020-05-01, Eduardo buys a T-bill with a face value of $45,000.00 that matures on 2021-03-06. He pays $43,261.88. Calculate the simple discount rate using the daycount convention ACT / 360. a. 4.500% O b. 4.125% O c. 4.375% O d. 4.250% e. 4.000% Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)

On 2020-05-01, Eduardo buys a T-bill with a face value of $45,000.00 that matures on 2021-03-06. He pays $43,261.88. Calculate the simple discount rate using the daycount convention ACT / 360. a. 4.500% O b. 4.125% O c. 4.375% O d. 4.250% e. 4.000% Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 2MCQ

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