Simple Interest Applications
posted by Steph .
An investor purchased a 91day, $100,000 Tbill on its issue date for $99,326.85. After holding it for 42 days, she sold the Tbill for a yield of 2.72%.
a)What was the original yield of the Tbill?
b)For what price was the Tbill sold?
Respond to this Question
Similar Questions

Finance
Which security offers a higher effective annual yield? 
business
A $1,000,000 face Tbill with 40 days to maturity is priced at $985,000. Compute the discount yield and the bond equivalent yield 
finance
if you're paying a bill for the office which has 5%, 10 days stamped across it, how much would you write a check for if you were paying a $100 bill 6 days from the date of invoice? 
finance
if you're paying a bill for the office which has 5%, 10 days stamped across it, how much would you write a check for if you were paying a $100 bill 6 days from the date of invoice? 
algebra
A $15,000 Tbill is purchased at a 3.85% discount rate for 16 weeks. Find (a) the purchase price of the Tbill, (b) the maturity value, (c) the interest earned, (d) the effective rate of interest to the nearest hundredth of a percent. 
math
1. A 120day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale. 2. 8. A $15,000 Tbill is purchased … 
math/Finance
I want to know the formula to use 1. A 120day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale. … 
Mathematics
A Tbill with face value of $10,000 and 96 days to maturity is selling at a bank discount ask yield of 4.3%. A. What is the price of the bill? 
math
Bill takes a lot of $9,000 and an 8% simple interest rate for 6 years How much interest will Bill pay after 2 years? 
history (reed)
1. which action does not occur in a committee a. killing a bill b. revising a bill c. signing a bill into law d. holding public hearing