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On April 1, $10,000.00 364-day treasury bills were auctioned off to yield 2.63%. (a) What is the price of each $10,000.00 T-bill on April 1?
On April 1, $10,000.00 364-day treasury bills were auctioned off to yield 2.63%. (a) What is the price of each $10,000.00 T-bill on April 1? (b) What is the yield rate on August 8 if the market price is $9,765.24? (c) Calculate the market value of each $10,000.00 T-bill on September 7 if the rate of return on that date is 3.54% (d) What is the rate of return realized if a $10,000.00 T-bill purchased on April 1 is sold on December 22 at a market rate of 3.622%? (a) The price is $0 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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