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. Borat bought a $100,000 Face, 182-day Government of Kazakhstan T- bill for $90,931.74. He sold the T-bill 109 days later at an interest rate
. Borat bought a $100,000 Face, 182-day Government of Kazakhstan T- bill for $90,931.74. He sold the T-bill 109 days later at an interest rate (discounted rate) of 18%. Delermine: a) The rate associated with the purchase . b) The amount he sold the T-bill . c) The yield (or rate of return) he realized on his investment over the 109 days (correct to 2 decimal places-as always)
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