Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) purchase. Round effective interest rate to the nearest hundredth of a percent. Face Value Discount Rate (%) Term (weeks) Interest Purchase Price Effective Rate (%) $60,000 4.60 26 $ $ %

Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) purchase. Round effective interest rate to the nearest hundredth of a percent. Face Value Discount Rate (%) Term (weeks) Interest Purchase Price Effective Rate (%) $60,000 4.60 26 $ $ %

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter8: Analysis Of Risk And Return

Section: Chapter Questions

Problem 9P

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Face Value	Discount Rate (%)	Term (weeks)	Interest	Purchase Price	Effective Rate (%)
$60,000	4.60	26	$	$	%

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