User Account

All Pages

What day does he sell the t-bill

Assignment Help Accounting Basics
Reference no: EM133611499

Question: Muhammad owns a T-bill with a face value of $39,000 maturing on 2016-12-04. He wants to sell it on the first day the price exceeds $37,869.58. The simple interest rate is 7.875% and the daycount convention is ACT/365. On what day does he sell the T-bill?

Reference no: EM133611499

Questions Cloud

Do you think is most useful and important to use in field : Which species concept - Morphological, Biological, or Evolutionary - do you think is most useful and/or important to use in the field of Conservation Biology?
How is hubble hoping to change its decision-making process : How is Hubble hoping to change its decision-making process? How does consumer behavior need to change to accommodate Hubble?
Explain structural and functional significance of location : Explain the structural and functional significance of the location of the juxtaglomerular apparatus.
What will be the book value at the end of year : depreciable life of 7 years. Assuming straightline depreciation and a $100,000 salvage value, what will be the book value at the end of year
What day does he sell the t-bill : Muhammad owns a T-bill with a face value of $39,000 maturing on 2016-12-04. He wants to sell it on the first day the price exceeds $37,869.58.
How does the genetic code get from the nucleus to ribosome : DNA, in the nucleus carries the genetic code for making proteins in ribosomes. How does the genetic code get from the nucleus to the ribosome?
Specializing in the production and sale of innovative : The business operates in Florida and targets college campuses to introduce its products to a young and environmentally conscious consumer base
How organizations social policy is affected by current laws : Next, explain how the organization's social policy is affected by the current laws and funding.
Determine the companys minimum rate of return : It would also be best for the company to use the WACC formula to determine the company's minimum rate of return and discuss it with lenders

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd