A $5,000 Treasury bill has a maturity date 270 days hence and is issued at a dis-
Question:
A $5,000 Treasury bill has a maturity date 270 days hence and is issued at a dis- count rate of 10%. A second $5,000 Treasury bill has a maturity date 165 days hence and is issued at a discount rate of 8%.
Required:
1. Determine the issue price of each Treasury bill.
2. Determine the yield rate of each Treasury bill.
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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