Q5. How much interest would you earn if you held the T Bill in Question...
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Accounting
Q5. How much interest would you earn if you held the T Bill in Question #2 to maturity?
Multiple Choice
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$3,406.85
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$5,982.85
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$6,523.85
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$2,489.85
iF I am right I got answer for this one,
Q. What is the purchase price of the $550,000 T Bill with 130 days to maturity and a BEY (bond equivalent yield) of 1.75%?
Multiple Choice
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$ 546,593.15
Would you please give me step by step and I can follow the calculation?
Thanks!
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