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5) How much interest would you earn if you held the T Bill in Question...

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Question

Accounting

5)

How much interest would you earn if you held the T Bill in Question #2 (below) to maturity?

Multiple Choice

  • $2,489.85

  • $5,982.85

  • $6,523.85

  • $3,406.85

2)

What is the purchase price of the $550,000 T Bill with 130 days to maturity and a BEY (bond equivalent yield) of 1.75%?

Multiple Choice

  • $ 546,593.15 (answer)

  • $ 495,623.15

  • $ 520,221.15

  • $ 365,235.15

Answer & Explanation Solved by verified expert
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