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QUESTION 2 An investment dealer purchased a 182-day $100,000 T-bill on its date of issue for $99,337.96. After holding it for 'l 00 days, she
QUESTION 2 An investment dealer purchased a 182-day $100,000 T-bill on its date of issue for $99,337.96. After holding it for 'l 00 days, she sold the T-bill for a yield of 2.5%. Draw a timeline. a. What was the original yield of the bill? Round to the nearest tenth ofa percent. % b. For what price was the T-bill sold? Round to the nearest hundredth. $ :2. What prot was made on the T-Bill? Round to the nearest hundredth. $ QUESTION 3 A92day promissory note for $10,500 is issued on April '14, 2018 with an interest rate of 6.4%. Currently, the rate money is worth is 5.8%. a. Find the maturity value of the note. Round to the nearest hundredth. $ b. Find the present value of the note after holding it for 30 days. Round to the nearest hundredth. $
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