You purchase a 182-day treasury bill for $240 000 at a rate of 3.546%. What did you sell it for 111 days before maturity if the new interest rate is 3.778%? a. $238 220.20 b. $238 320.20 c. $238 200.20 d. $238 100.20 e. $241 469.24

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
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You purchase a 182-day treasury bill for $240 000 at a rate of 3.546%. What did you sell it for 111 days before maturity if the new interest rate is 3.778%? a. $238 220.20 b. $238 320.20 c. $238 200.20 d. $238 100.20 e. $241 469.24

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