Question
Calculate the effective annual interest rate for (1) A 3-month T-bill selling at $96,550 with par value $100,000. (2) A 14% coupon bond selling at
Calculate the effective annual interest rate for (1) A 3-month T-bill selling at $96,550 with par value $100,000. (2) A 14% coupon bond selling at par and paying coupons semiannually. (Round your answers to 2 decimal places. Omit the "%" sign in your response.)
| Effective Annual Rate | |
| T-bill | % |
| Coupon bond | % |
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The Infographic Guide To Personal Finance
Authors: Michele Cagan CPA, Elisabeth Lariviere
1st Edition
1507204663, 978-1507204665
