Question
If you purchase the T Bill you valued in Question #21 (a $2,000,000 Face Value, 157 days to maturity and a BEY of 3.8%), how
If you purchase the T Bill you valued in Question #21 (a $2,000,000 Face Value, 157 days to maturity and a BEY of 3.8%), how much interest will you earn if you hold the T Bill to maturity?
Multiple Choice
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$24,285.45
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$32,164.67
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$52,636.78
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$37,846.64
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
