Question
You purchase a 188-day, $1000 U.S. Treasury bill at 0.36% discount. On the date of maturity, you will receive $1000. What is the actual rate
You purchase a 188-day, $1000 U.S. Treasury bill at 0.36% discount. On the date of maturity, you will receive $1000. What is the actual rate of interest of the Treasury bill? Express the rate as a percent rounded to four decimal places.
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A Survey Of Mathematics With Applications
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
11th Edition
0135740460, 978-0135740460
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