Question
5.value: 9.09 points The Treasury Department auctioned $28 billion in 3-month bills in denominations of $10,000 at a discount rate of 5.550%. What would be
5.value: 9.09 points The Treasury Department auctioned $28 billion in 3-month bills in denominations of $10,000 at a discount rate of 5.550%. What would be the effective rate of interest? (Use calendar year. Do not round intermediate calculations. Round your answer to the nearest hundredth percent.) Effective rate of interest %
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The Ascendancy Of Finance
Authors: Joseph Vogl, Simon Garnett
1st Edition
1509509305, 978-1509509300
