Question
1 - The National Treasury Bill is quoted at 17.50% pa (over the year) for 120 business days. To ask: A. Equivalent PU (face value
1 - The National Treasury Bill is quoted at 17.50% pa (over the year) for 120 business days. To ask:
A. Equivalent PU (face value is $1,000.00)? B. The effective business day rate? C. The effective rate equivalent to the year (176 consecutive)?
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Essentials Of Accounting For Governmental And Not-for-Profit Organizations
Authors: Paul Copley
14th Edition
1260570177, 978-1260570175
