Question
The Treasury Department auctioned $22 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.650%. What would be the effective rate
The Treasury Department auctioned $22 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.650%. What would be the effective rate of interest? Use 365 day calendar period
Round your answer to the nearest hundredth percent
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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
