Saturday
October 25, 2014

Homework Help: Simple Interest Applications

Posted by Steph on Wednesday, October 24, 2012 at 11:48am.

An investor purchased a 91-day, $100,000 T-bill on its issue date for $99,326.85. After holding it for 42 days, she sold the T-bill for a yield of 2.72%.

a)What was the original yield of the T-bill?

b)For what price was the T-bill sold?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - 1. A 120-day simple discount promissory note for $12,000 with a simple ...
math/Finance - I want to know the formula to use 1. A 120-day simple discount ...
finance - if you're paying a bill for the office which has 5%, 10 days stamped ...
finance - if you're paying a bill for the office which has 5%, 10 days stamped ...
Mathematics - A T-bill with face value of $10,000 and 96 days to maturity is ...
algebra - A $15,000 T-bill is purchased at a 3.85% discount rate for 16 weeks. ...
accounting - how would the table of analysis be set up with these transactions: ...
business - A $1,000,000 face T-bill with 40 days to maturity is priced at $985,...
algebra2 - Bill invested $15,000 in three accounts. The savings account paid 1% ...
algebra2 - Bill invested $15,000 in three accounts. The savings account paid 1% ...

Search
Members