At auction on June 22, 2021, $100 000, 91-day treasury bills were sold for $99 600. An

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At auction on June 22, 2021, $100 000, 91-day treasury bills were sold for $99 600. An investor purchasing one of these T-bills held it for 40 days, then sold it to yield 1.4%.

(a) What was the original yield of the T-bill?

(b) At what price did the investor sell?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:07 AM

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At auction on June 22, 2021, $100 000, 91-day treasury bills were sold for $99 600. An

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14 Formula for calculating yield of the Tbill y be P f P o 365 100 P ...View the full answer

Contemporary Business Mathematics With Canadian Applications

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