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You bought a t-bill with a $100,000 face value that matures in 182 days. the discount rate was 4.84% (a) how much did you pay?
You bought a t-bill with a $100,000 face value that matures in 182 days. the discount rate was 4.84%
(a) how much did you pay?
(b) what was the bond equivalent yield on your T-bill?
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a To calculate how much you paid for the Tbill we use the formula for th...
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Intermediate Accounting Volume 1
Authors: Kin Lo, George Fisher
4th Edition
013523610X, 9780135236109
