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%)

SWFT Comprehensive Vol 2020
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ISBN:9780357391723
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Chapter4: Gross Income: Concepts And Inclusions
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10. the math of interest. please indicate if you are unsure or totally sure about the answer

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%
C. 4.375%
d. 4.250%
e. 4.000%
Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
Transcribed Image Text: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% C. 4.375% d. 4.250% e. 4.000% Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
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