Gonzalez Summers
06/04/2024 · Elementary School
Finance The given treasury bills were sold on April 4, 2013. Find (a) the price of the T-bill, and (b) the actual interest rate paid by the Treasury. (See Examples 8 and 9. Data from: www. treasurydirect.gov.) 27. Three-month \( \$ 20,000 \) T-bill with discount rate of \( .075 \% \)
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(a) Price of the T-bill: $19,996.25
(b) Actual interest rate: 0.075%
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