A PDF version of this assignment is attached.I'll also put it in the Assignments folder in Files.As usual, you'll answer the questions in the online version.That version will be available for you to open at noon today (Friday 7/31) and will remain open until midnight on Tuesday (8/4).As usual, there are some minor difference between the online version and the PDF version.

This assignment will require you to number of single-payment bond pricing (present value) calculations of the type you did in Assignment 2, Part B-2.Please round the answers to the nearestcent.For interest rates, round to the nearest tenth of a percent, unless otherwise indicated.

For Part D, Question 1.A, you'll need to use a set of discount tables that I will attach to a separate announcement.You may also want to review the example I went through near the the end of my second recorded lecture on Major Topic 1, Part D; the subject was "calculation costs."

Also for Part D, remember that the value you should use for the term is theremainingterm: the amount of time left before the bill comes due.In Question 1.B, when you are doing present value calculations (as opposed to using the table), this value should be measured in years, or in fractions of years.

For Part E, it may be helpful to review pp. 59-69 of my Lectures1-E notes pretty carefully.But please note that I want you to calculate the exact market values of the assets and liabilities by doing present value calculations.

E305 Steve Russell Summer 2 2020 Assignment 1, Parts D and E Note: A set of tables for nding discount factors for bills of exchange, which you'll need to use for Part D (Question 1), will be made available separately. You should round interest rates to the nearest tenth of a percent, unless otherwise indicated, and dollar values to the nearest cent. Part D l. The tables handed out with this assignment might have been used by a business person to calculate the market values of bills of exchange. The table gives the market value of a bill of exchange with a face value (maturity payment) of $1, for ranges of values of the bill's remaining term, measured in weeks, and of the annual interest rate, in percent, on bills of its type. The remaining terms are indicated at the beginning of each row, and the interest rates are indicated at the top of each column. Note: For the purposes of this question, assume that there are exactly 52 weeks in a year, or exactly 364 clays. A. Use your table to calculate the approximate market value, at the date of the transaction, of the following bills of exchange. If the remaining term and the interest rate aren't exactly the same as any entry in your table, then use the table entry that comes closest. Note that all the interest rates given are annual. 1. A bill with a term of 13 weeks and a face value of$50, used in a transaction when it is drawn, when the market interest rate is 15 percent. 2. A bill with a term of 13 weeks and a face value of$50, used in a transaction ve weeks after it is drawn, when the market interest rate is 17% percent. 3. A bill with a term of26 weeks and a face value of$100, used in a transaction ten weeks after it is drawn, when the market interest rate is \"M percent. 4. A bill with a term of 9 weeks and a face value of $300, used in a transaction two weeks after it is drawn, when the market interest rate is 12 percent. 5. A bill with a term of4 weeks and a face value of $200, used in a transaction 1 week after it is drawn, when the market interest rate is 23% percent. 6. A bill with a term of 9 weeks and a face value of $75, used in a transaction 3 weeks after it is drawn, when the market interest rate is 22% percent. B. For each of the bills from Part A, calculate the exact market value of the bill, using the present value formula we learned in class. Indicate how much money, in cents, the seller (the person accepting the bill in payment) lost or gained by accepting it at the value indicated by the table, instead of at the exact market value