Question
1-Suppose that you purchase a 182-day Treasury bill for S9,850 that is worth S10,000 when it matures. What is security's annualized investment rate if held
1-Suppose that you purchase a 182-day Treasury bill for S9,850 that is worth S10,000 when it matures. What is security's annualized investment rate if held to maturity.?
2- A) The annualized rate on a particular money market instrument is 3.75%. The face value is S200, 000 and it matures in 51 days. What is its price?
B) What would be the price if it had 71 days to maturity?
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
