Question
Konstantin buys a T-bill with a face value of $25,000.00 on January 22, 2020 that matures on June 9, 2020. The annual simple discount rate
Konstantin buys a T-bill with a face value of $25,000.00 on January 22, 2020 that matures on June 9, 2020. The annual simple discount rate is 13.50%, and the daycount convention is ACT/360 What price P does he pay?
a. P = $21,919.61.
b. P = $22,038.09.
c. P = $23,815.36.
d. P = $22,749.00.
e. P = $23,696.88.
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Management Of Islamic Finance
Authors: M. Kabir Hassan, Mamunur Rashid
1st Edition
1787564045, 978-1787564046
