A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 5.19%. If

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A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 5.19%. If the yield required by the market remains at 5.19%, how many days before its maturity date will the T-bill’s market price first exceed $99,000?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 5.19%. If

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If purchased for99000 the Tbill will effectively pay 1000 ...View the full answer

Business Mathematics In Canada

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