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On April1, $ 25,000.00 364 -day treasury bills were auctioned off to yield 2.12 % (a) What is the price of each 25,000.00 T-bill on
On April1, $25,000.00 364-day treasury bills were auctioned off to yield 2.12 %
(a) What is the price of each 25,000.00 T-bill on April1?
(b) What is the yield rate on July 9 if the market price is $24,477.00?
(c) Calculate the market value of each $25,000.00 T-bill on September 3 if the rate of return on that date is 2.884%.
(d) What is the rate of return realized if a $25,000.00 T-bill purchased on April 1 is sold on December 23 at a market rate of 2.747%?
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