1. A large manufacturing corporation acquired a T-bill in the secondary market 30 days from its maturity but is forced to sell the bill 15 days later. At time of purchase, the bill carried a discount rate of 8 percent, but was sold at Discount Rate of 7 percent.
2. What is the difference between government sponsored agency and a federal agency? Is there a practical difference between the two?
3. What exactly is Bankers Acceptance? What is the meaning of the word ACCEPTED?