Over the past 35 years, the prevailing market yield or discount rate on 91-day T-bills has ranged
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Over the past 35 years, the prevailing market yield or discount rate on 91-day T-bills has ranged from a low of 0.17% in February 2010 to a high of 20.82% in August 1981. (The period from 1979 to 1990 was a time of historically high inflation rates and interest rates.) How much more would you have paid for a $100,000 face value 91-day T-bill at the February 2010 discount rate than at the August 1981 discount rate?
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You would have paid 9995763 9506540 489223 m...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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