Hy Potenuse bought a $10,000 Treasury bill at 0.115 percent discount for 13 weeks (91 days). a.

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Hy Potenuse bought a $10,000 Treasury bill at 0.115 percent discount for 13 weeks (91 days).
a. How much does Hy pay for the bill?
b. What is the effective rate of interest?

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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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Question Posted: Jul 31, 2015 09:03 AM

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Hy Potenuse bought a $10,000 Treasury bill at 0.115 percent discount for 13 weeks (91 days). a.

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