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The price of a T-bill that matures for 89,000 in 106 days is 72,000. Determine the following rates for this T- bill in percentage
The price of a T-bill that matures for 89,000 in 106 days is 72,000. Determine the following rates for this T- bill in percentage form to two decimals: (a) The quoted rate for the US T-Bill is X (b) The quoted rate for a Government of Canada T-bill is Y (c) The effective per annum interest rate is Z Key in Y-X+Z for the answer.
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Fundamentals of Futures and Options Markets
Authors: John C. Hull
8th edition
978-1292155036, 1292155035, 132993341, 978-0132993340
