Refer to Table 5.2 in the text where the recent T-bill auctions results are shown. Then answer
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Refer to Table 5.2 in the text where the recent T-bill auctions results are shown. Then answer the following questions/problems:
a. Verify that the 13-week investment rate is 0.1879 and the discount (high) rate is 0.1840.
b. What do you conclude and why?
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Related Book For
Understanding Investments Theories And Strategies
ISBN: 9780367461904
2nd Edition
Authors: Nikiforos T. Laopodis
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