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On 2020-04-24, Boris buys a T-bill with a face value of $10,000.00 that matures on 2020-07-30. He pays $9,757.50. Calculate the simple discount rate
On 2020-04-24, Boris buys a T-bill with a face value of $10,000.00 that matures on 2020-07-30. He pays $9,757.50. Calculate the simple discount rate using the daycount convention ACT / 360. O a. 9.250% O b. 9.375% O c. 9.000% O d. 9.500% O e. 9.125% Certainty OC=1 (Unsure: 67%) OC-3 (Quite sure: >80%)
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Labor Economics
Authors: George J. Borjas
6th edition
73523208, 2900073523209 , 978-0073523200
