Calculate the price of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date

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Calculate the price of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date if the current market rate of return is 1.672%.

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:54 AM

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Calculate the price of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date

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Step1 91 days equivalent to 3 months You want to calculate the interest on 25000 at 16...View the full answer

Fundamentals Of Business Mathematics In Canada

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