The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.965%. What would be the effective rate of interest? Round your answer to the nearest hundredth percent.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.965%. What would be 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
Of the three major environments in a situation analysis (internal, customer, external), which do you think is the most important in a general sense and why?
Answers (1)
Which of these business forms would you use to respond to a customer complaining memo, business letter, e-mail, fax? Explain why.
Answers (1)
You will give the keynote address at the annual meeting of the American Manufacturing Association. You realize most of the attendees think marketing is just advertising.
Answers (1)
Caro estimates that the variable costs in the Maintenance Department total $11,000, and in the Cafeteria variable costs total $17,000. Avoidable fixed costs in the Maintenance Department are $5,000.
Answers (1)
Which of the following is not an economic goal that influences how societies answer the three key economic questions? A. efficiency B. freedom C. security and predictability D. patriotism
Answers (2)
New Questions in Business
A rhetorical device that uses exaggeration or overstatement to distort the facts: Answer a. sarcasm b. hyperactivity c. hypocrisy d. hyperbole
Answers (1)
True or false a study with a larger sample is more likely than a smaller study to get the result that p < 0.05
Answers (1)
Ajax Corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio? a. 4.72 b. 5.51 c. 5.80 d. 4.97 e. 5.23
Answers (1)
Which is an example of a demand account? A savings account B investment account C credit account (not this one) D checking account
Answers (2)
Why is it vital to maintain a designer worksheet? A. It separates the designs chosen for the season from those rejected by the company. B. It keeps a record of all designs created by the designer for a season. C.
Answers (2)