On December 3, 2018, Trinity purchased a 364-day, $6000 U.S. Treasury bill at a 0.12% discount. a)

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On December 3, 2018, Trinity purchased a 364-day, $6000 U.S. Treasury bill at a 0.12% discount.

a) What is the date of maturity of the Treasury bill?

b) How much did Trinity actually pay for the Treasury bill?

c) How much interest did the U.S. government pay Trinity on the date of maturity?

d) What is the actual rate of interest of the Treasury bill? Round the answer to the nearest thousandths of a percent.

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A Survey Of Mathematics With Applications

ISBN: 9780135740460

11th Edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 13, 2021 04:29 AM

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On December 3, 2018, Trinity purchased a 364-day, $6000 U.S. Treasury bill at a 0.12% discount. a)

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a December 3 is day 337 337 3...View the full answer

A Survey Of Mathematics With Applications

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