What is the effective rate for 6-month bills

Reference no: EM13262382

Assume that 3-month treasury bills totalling $12 billion were sold in $10,000 denominations at a discount rate of 3.605%. In addition, the treasury department sold 6-month bills totaling $10 billion at a discount rate of 3.55%. (a) What is the discount amount for 3-month bills? (b) What is the discount amount for 6-month bills? (c) What is the effective rate for 3-month bills? (d) What is the effective rate for 6-month bills?

Reference no: EM13262382

Questions Cloud

What were the proceeds of the note : On December 15, Lawlers Company went to the bank and discounted a 10%, 90-day, $14,000 note dated October 21. The bank charged a discount rate of 12%. What were the proceeds of the note?

What were the bank discount and the proceeds : Souza & Sons accepted a 9%, $22,000, 120-day note from one of its customers on july 22. On October 2, the company discounted the note at Cooperative Bank. The discount rate was 12%. What were (a) the bank discount and (b) the proceeds?

Specify the functions realized by each function generator : a. Tablulate the truth table for an 8x4 ROM that implements these Boolean functions. b. Tabulate the PLA programming table for these functions. Minimuze the number of product terms. c. Implement this circuit using a PAL with 3 inputs, 4 outputs and 3..

Should hispanics be required to learn english : Census figures indicate that Hispanics, many of whom come from Mexico or are of Mexican ancestry, are the fasting growing population in the United States. This has caused some to argue that "American" culture is in danger, specifically with regard..

What is the effective rate for 6-month bills : Assume that 3-month treasury bills totalling $12 billion were sold in $10,000 denominations at a discount rate of 3.605%. In addition, the treasury department sold 6-month bills totaling $10 billion at a discount rate of 3.55%.

What is the yield to maturity of the bond : 10-year, 12% coupon bond that pays interest annually is currently selling for $1,083. What is the yield to maturity of the bond? [The face value of the bond is $1,000]

Calculate the motor phase currents and line currents : A three-phase 5 hp, 208 V motor has an efficiency of 92%, and a power factor of 0.87 (lagging) when it runs at full power. Calculate the motor phase currents and line currents if the motor is wye connected, and delta connected.

Explain what will be the final pressure of the gas : You heat the gas until the root mean square speed of the molecules of the sample has been doubled. What will be the final pressure of the gas

Find the measured length in the reference frame of observer : A meterstick is moving by an observer in a diretion parallel to its length. what is the measured length in the reference frame of the observer

User Account

All Pages