On 2020-05-01, Eduardo buys a T-bill with a face value of $45,000.00 that matures on 2021-03-06. He pays $43,261.88. Calculate the simple discount rate using the daycount convention ACT / 360. a. 4.500% O b. 4.125% O c. 4.375% O d. 4.250% e. 4.000% Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)
On 2020-05-01, Eduardo buys a T-bill with a face value of $45,000.00 that matures on 2021-03-06. He pays $43,261.88. Calculate the simple discount rate using the daycount convention ACT / 360. a. 4.500% O b. 4.125% O c. 4.375% O d. 4.250% e. 4.000% Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 21CE
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10. the math of interest. please indicate if you are unsure or totally sure about the answer
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