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The US government borrows money by seling Treasury bils Treasury bills are discounted notes issued by the US government. On May 2, 2003, Kris
The US government borrows money by seling Treasury bils Treasury bills are discounted notes issued by the US government. On May 2, 2003, Kris Greenhalgh purchased a 156 day $4000 US Treasury bill at a 4 42% discount. On the date of maturity Kns received $4000 Complete parts a) through d) Click here for an explanation of treasury bills Click the icon to view the table of maturity dates a) What is the date of maturity of the Treasury bill? The date of maturity of the Treasury bill is June b) How much did Kns actually pay for the Treasury bit? (Round to the nearest cent.) 2003 c) How much interest did the US govemment pay Km on the date of maturity? d) What is the actual rate of interest of the Treasury bit? (Assume a 300-day year) % (Round to the nearest hundredth of a percent) maturity dates Bay of Month Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 335 308 214 245 275 306336 346 276 Day 32 91 Day 2 D3 2 " " 92 152 113 215 344 122133 183 34 62 95 123 154 IM De 4 Day 3 4 35 AX 94 134 135 " 64 95 125 156 6 37 65 96 136 137 147 ARARA 307337 347 277 308 3 248 278 309 39 249 279 310 340 Print Done
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