FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

The Central bank of Oman issued treasury bills with 180 days maturity and at a discount rate of 6 percent. Calculate the present value or

The Central bank of Oman issued treasury bills with 180 days maturity and at a discount rate of 6 percent. Calculate the present value or the market price of the Treasury bill assuming the face value to be 100.
A) 97.0411
B) 101.411
C) 99.0411
D) 95.0411
E) None

Step by Step Solution

★★★★★

3.42 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

Given data Discount Rate 6 percent face value 100 da... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

South Western Federal Taxation 2015 Essentials Of Taxation Individuals And Business Entities
South Western Federal Taxation 2015 Essentials Of Taxation Individuals And Business Entities

Authors: James Smith, William Raabe, David Maloney, James Young

18th Edition

9781285438290, 1285439740, 1285438299, 978-1285439747

More Books

Students explore these related Accounting questions

Question

A reservoir contains an estimated 125 billion gallons of water. a) Express this volume in acre-ft. 1 acre = 43,560ft^2 1ft^3 =7.481 gallons b) Estimate the weight of this volume of water in tons....

Answered: 3 weeks ago

Question

A Canadian private corporation incurred the following transactions in previous years: In 1998, sold a capital asset that resulted in a capital gain of $12,000. In 2005, sold a capital asset that...

Answered: 3 weeks ago

Question

Suppose that nominal GDP was $9500000.00 in 2005 in Fairfax County Virginia. In 2015, nominal GDP was $11500000.00 in Fairfax County Virginia. The price level rose 2.00% between 2005 and 2015, and...

Answered: 3 weeks ago

Question

Assume that a patient has 80 percent coverage for medical services but no coverage for prescription drugs. An 80 percent drug benefi t is added. Show graphically what will happen to the relative...

Answered: 3 weeks ago

Question

Lucy, from Problem 4, spends all her income on lemonade, which costs $1 per pint. She earns $300 per month, but is robbed with 25 percent probability, in which case she is left with only $100. She...

Answered: 3 weeks ago

Question

On January 1, 2015, Paro Company purchases 80% of the common stock of Solar Company for $320,000. Solar has common stock, other paid-in capital in excess of par, and retained earnings of $50,000,...

Answered: 3 weeks ago

Question

How is the sampling plan for a two independent sample study different from the sampling plan for a paired comparison study?

Answered: 3 weeks ago

Question

Law Management Services began business on January 1, 2012, with a capital investment of $120,000. The company manages condominiums for owners (Service Revenue) and rents space in its own office...

Answered: 3 weeks ago

Question

Show each step solved WEIGHTED AVERAGE COST OF CAPITAL A company's debt consists of a bank loan for $1,000 for which it pays an annual interest rate of 12%, and $3,000 in bonds with an annual...

Answered: 3 weeks ago

Question

Design the application logic for a company that wants a report containing a breakdown of payroll by department. Input includes each employees department number, hourly salary, and number of hours...

Answered: 3 weeks ago

Question

Using the GCU Library, locate a journal article about budgeting. In the subject line of your post, include the name of the article that you read. Then, in your initial post, provide a link to the...

Answered: 3 weeks ago

Question

Briefly explain the qualities of an able supervisor

Answered: 3 weeks ago

Question

Define policy making?

Answered: 3 weeks ago

Question

Define co-ordination?

Answered: 3 weeks ago

Question

What are the role of supervisors ?

Answered: 3 weeks ago

Question

Cheyenne Vision Inc. opened for business on Jan 1, and uses a perpetual inventory system. During January, the company had the following purchases and sales for one of its products: Purchases Sales...

Answered: 3 weeks ago

Question

Sunripe Corporation manufactures and sells two types of beach towels, standard and deluxe. Sunripe expects the following operating results next year: Standard Deluxe Total sales $ 450,000 $ 50,000...

Answered: 3 weeks ago

Question

In Exercises find dy/dx by implicit differentiation. xy - y = x

Answered: 3 weeks ago

Question

Using the legend provided, classify each of the following statements (more than one answer per statement may be appropriate). Legend D = Applies to the District Court T = Applies to the Tax Court C =...

Answered: 3 weeks ago

Question

For many years, Loretta Johnson, a single mother of three children, has been struggling to make ends meet by working at two jobs that pay barely the minimum wage and together provide just over...

Answered: 3 weeks ago

Question

Jo and Velma are equal owners of the JV Partnership. Jo invests $500,000 cash in the partnership. Velma contributes land and a building (basis to her of $125,000, fair market value of $500,000). The...

Answered: 3 weeks ago

Question

15. What are the differences between the magnocellular and parvocellular systemspg78

Answered: 3 weeks ago

Question

13. Examine Figure 6.18. You should see grayish diamonds at the crossroads among the black squares. Explain why.

Answered: 3 weeks ago

Question

12. If light strikes only one receptor, what is the net effect (excitatory or inhibitory) on the nearest bipolar cell that is directly connected to that receptorpg78 What is the effect on bipolar...

Answered: 3 weeks ago

Previous Question Next Question