The rate of return of a 182-day treasury bill with a face value of $20,000 is 5.25%

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The rate of return of a 182-day treasury bill with a face value of $20,000 is 5.25% p.a. Calculate the price on its issue date.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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