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Consider the following. During a month, $1,000 6-month T-bills were sold at a discount rate of only 0.20%. Determine the selling price of this T-bill.
Consider the following. During a month, $1,000 6-month T-bills were sold at a discount rate of only 0.20%. Determine the selling price of this T-bill. $ Determine the following values, given that the future value for simple interest is given by FV = PV(1 + rt), where PV and FV are measured in dollars and time is measured in years. FV = PV = t = Solve for r. (Round your answer to six decimal places.) r= What is the simple annual yield (in percent)? (Round your answer to four decimal places.) %
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