Two 182-day, $50,000 T-bills were initially issued at a price that would yield the buyer 1.93% p.a. Do not include the dollar sign in your answer. Do not include the comma usually used to denote thousands. In this question part a.) wants you to deal with the price of both t-bills at once, but in part b.) you are only dealing with the price of one t-bill. a. What did the buyer originally pay for the two T-bills? b.) If the yield required by the market remains the same, how many days before their maturity date will the T-bills market price first exceed $49,750? (Your answer should be a whole number of days, no decimals.)

Two 182-day, $50,000 T-bills were initially issued at a price that would yield the buyer 1.93% p.a. Do not include the dollar sign in your answer. Do not include the comma usually used to denote thousands. In this question part a.) wants you to deal with the price of both t-bills at once, but in part b.) you are only dealing with the price of one t-bill. a. What did the buyer originally pay for the two T-bills? b.) If the yield required by the market remains the same, how many days before their maturity date will the T-bills market price first exceed $49,750? (Your answer should be a whole number of days, no decimals.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter18: The Management Of Accounts Receivable And Inventories

Section: Chapter Questions

Problem 5P

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