9. A US Treasury bill will mature in 90 days for a face value of...
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Accounting
9. A US Treasury bill will mature in 90 days for a face value of $1500. (a) If it is priced at $1480 find the quoted rate, and the annual effective interest rate that will be earned. (b) If the rate quoted is 6%, find the T-bill's current price and the annual effective interest rate earned. (c) Repeat part (b) of this exercise assuming instead a Government of Canada Treasury bill which matures in 90 days with a face value of $1500 and quoted rate of 6%
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