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23. A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 5.19%. If the yield required by the market remains
23. A 168-day, $100,000 T-bill was initially issued at a price that would yield the buyer 5.19%. If the yield required by the market remains at 5.19%, how many days before its maturity date will the T-bill's market price first exceed $99,000? Round to the nearest day. days (round to whole #) eg 1.54 --> 2 24. Marcie has a $20,000 personal line of credit with an interest rate of prime + 3%. On the last day of each month, a payment equal to the greater of $500 or 4% of the current balance (including the current month's accrued interest) is deducted from her chequing account. On December 6, she withdrew $5000. On January 15, she withdrew $12,000. The prime rate during this time was 3%. Calculate the balance owing at the end of February (non-leap year). $ (round to 2 decimal) eg 1.23 25. A small manufacturer specializing in singing stuffed animals can produce up to 800 units per month at a cost of $50 per unit. Fixed costs are $22,400 per month. Variable selling and shipping costs are $20 per unit. They sell the units for $110 each. How many units would they have to sell in a month to break even? units 26. Sixty-day commercial paper with face value $100,000 was issued by a company for $98,890.25. What rate of return will be realized if the investment is held until maturity? Round to the nearest 0.01% % (round to 2 decimal) eg 1.23
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