The treasurer of Small Corp. is considering the purchase of a T-bill maturing in seven months. At

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The treasurer of Small Corp. is considering the purchase of a T-bill maturing in seven months. At a rate of 9 percent compounded annually:

a. Calculate the present value of the $10,000 face value T-bill.

b. If you wanted to purchase a seven-month T-bill 30 months from now, what amount must you deposit today?

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Financial Markets And Corporate Strategy

ISBN: 9780077119027

1st Edition

Authors: David Hillier, Mark Grinblatt, Sheridan Titman

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Question Posted: Jul 15, 2024 10:14 AM

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The treasurer of Small Corp. is considering the purchase of a T-bill maturing in seven months. At

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Financial Markets And Corporate Strategy

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