Question
Question 1 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500.
Question 1
Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate.
a)What is the implied per annual simple interest rate for her purchasing (expressed as a percentage and rounded to three decimal places)?
Select one:
a.0.076
b.0.032
c.0.031
d.0.088
Question2
Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate.
b)What is her selling price (rounded to four decimal places)?
Select one:
a.98740.2903
b.98634.0935
c.98846.7161
d.99317.7280
Question3
Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate.
c)What is her holding period yield rate?Expressed as a percentage and rounded to three decimal places.
Select one:
a.0.761%
b.1.413%
c.2.039%
d.4.810%
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