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Question Ten a) Aku bought a 182-day bill and held it the 90-days and want to sell it for you. She bought it for $
Question Ten a) Aku bought a 182-day bill and held it the 90-days and want to sell it for you. She bought it for $ 1,500 and receives C1800 on maturity. How much you pay for the bill? b) Ama bought a 91-day T-bill for C1000 and will receive C1100 on maturity. What is the discount on this bill? c) You have just bought a Government of Ghana Three Year Note. The Note has a face value of 1000,000 cedis and bears a coupon of 12% payable semi-annually. The Note was sold to you for 1050756.921 cedis. If you hold the Note till the end of the three years and receive all the coupons as schedule, what will be your yield to maturity? d) Akua has offered a 91- day Bill with a face value of C109000 for which she paid C100,000 Akua wants to know (i) The cedi discount she earns on the Bill and the corresponding discount yield. (ii) The cedis interest she makes on the bill and the interest rate 4 (iii) After holding the bill for 90 days she handed it over to Ama, what price should Ama pay
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