Question
Matt bought a 14 week t-bill for $5953.99 which has a maturity value of $6000.00. For what follows, assume simple interest with a 365 day
Matt bought a 14 week t-bill for $5953.99 which has a maturity value of $6000.00. For what follows, assume simple interest with a 365 day year.
a) What annual simple interest rate would Matt earn?
b) Suppose Matt sells the t-bill 40 days later to another investor who wishes to yield 3.10%. What price did the t-bill sell for?
c) What rate of return did Matt earn on his investment?
Matt bought a 14 week t-bill for $5953.99 which has a maturity value of $6000.00. For what follows, assume simple interest with a 365 day year.
a) What annual simple interest rate would Matt earn?
b) Suppose Matt sells the t-bill 40 days later to another investor who wishes to yield 3.10%. What price did the t-bill sell for?
c) What rate of return did Matt earn on his investment?
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The Design Implementation And Audit Of Occupational Health And Safety Management Systems
Authors: Ron C. McKinnon
1st Edition
1032571039, 978-1032571034
