The given treasury bill was sold in april of this year. find (i) the price of the t-bill, and (ii) the actual interest rate paid by the treasury. round dollar amounts to the nearest cent and interest rates to the nearest thousandth. six-month $17,000 t-bill with discount rate 0.130%
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The given treasury bill was sold in april of this year. find (i) the price of the t-bill, and (ii) the actual interest rate paid by the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Norbury Corporation's net income last year was $40,000. The company did not sell or retire any property, plant, and equipment last year.
Answers (1)
1. Why is it important for business and professional students to develop good communication skills?
Answers (1)
What are two of the most popular database vendors in the marketplace?
Answers (1)
What roles does saving play in the process of economic growth?
Answers (1)
Which of the following would NOT be considered a characteristic of entrepreneurs? a. initiative b. unimaginative c. innovative d. risk taker
Answers (1)
New Questions in Business
Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90.
Answers (1)
In the resource-based model of above-average returns, a capability is: a. an input into a firm's production process. b. the foundation for a firm's mission. c.
Answers (1)
Choose the correct statementA. Total revenue from the sale of a good equals the price of the good multiplied by the quantity sold. B. A rise in price increases total revenue. C. A rise in the price decreases total revenue. D.
Answers (1)
Which describes the purpose of minimum-balance fees? O make sure customers keep sufficient funds in their account collect funds for withdrawals from a competitor's machine pay for the costs of having bank employees penalize customers for writing
Answers (1)
Which event occurs in the large intestine?
Answers (1)