Question
Lawrence purchases a 6 month T-bill from the US treasury. It had a par value (face value) of 1000, and a stated annual rate of
Lawrence purchases a 6 month T-bill from the US treasury. It had a par value (face value) of 1000, and a stated annual rate of 3%. so how much he paid?
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
