You buy a $10,000 par Treasury bill at $9,575 and sell it 60 days later for $9,675. What was your EAR?
A) 4.44 percent
B) 6.29 percent
C) 6.35 percent
D) 6.52 percent
E) 6.67 percent
Correct Answer:
Verified
Q23: A 180-day $3 million CD has a
Q24: A Chinese exporter sells $200,000 of toys
Q25: Rates on federal funds and repurchase agreements
Q26: The discount yield on a T-bill differs
Q27: A 90-day T-bill is selling for $9,900.
Q29: In dollars outstanding in 2016,the largest money
Q30: A dealer is quoting a $10,000 face
Q31: The rate of return on a repo
Q32: If a $10,000 par T-bill has a
Q33: A $2 million jumbo CD is paying
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents