Question
You bought $150 000 in 364-day T-bills. The T-bills was available at a rate of 4.432% simple discount. If you paid $148 811.24 for the
You bought $150 000 in 364-day T-bills. The T-bills was available at a rate of 4.432% simple discount. If you paid $148 811.24 for the T-bills, how many days before maturity did you buy it?
56.27 days
65.26 days
52.67 days
76.26 days
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue
13th edition
1337099759, 978-1337516440, 1337516449, 978-1337099752
