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An investor purchased a $150,000, 364-day T-bill at a yield of 1.84% p.a. Answer the following questions, and choose the closest answer from the possible
An investor purchased a $150,000, 364-day T-bill at a yield of 1.84% p.a. Answer the following questions, and choose the closest answer from the possible choices following each question:
a. What was the maturity value of the T-bill
b. If the investor paid $149,652.97 for the T-bill, how many days before maturity did the investor buy it?
c. What was the original annual interest rate or yield of the T-bill on its issue date if the T-bill price was $146,789? (Express in percentage with four decimal places i.e., .0001%)
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