User Account

All Pages

What was the original annual interest rate or yield

Assignment Help Accounting Basics
Reference no: EM132614066

Question - An investor purchased a $100,000, 364-day T-bill at a yield of 2.14% p.a. Answer the following questions, and choose the closest answer from the possible choices following each question:

Evaluate the statement: The price of a T-bill can be greater than or equal to the maturity value of the T-bill. (Answer Yes or No)

If the investor paid $99,637.81 for the T-bill, how many days before maturity did the investor buy it?

What was the original annual interest rate or yield of the T-bill on its issue date if the T-bill price was $98,800.10?

Reference no: EM132614066

Questions Cloud

How some of the items you have learned are used in devices : Cell phones are rapidly becoming very powerful and they provide many uses beyond just texting and talking. Look back at each week and provide examples.
Calculate the total asset equity as at august : Calculate the total assets, liabilities and Owner's equity as at 30 August. Ms Dalla invested RM15,000 cash in her business and deposited the money in the bank
Analyze the key risks faced by shahjalal islami bank : After several rounds of interview, you are successfully appointed as the Risk Manager of Shahjalal islami bank.
Define i-o and identify some of the elements needed in c++ : Input and Output are necessary functions with any code. Define I/O and identify some of the elements needed in C++ that would use input or create output.
What was the original annual interest rate or yield : What was the original annual interest rate or yield of the T-bill on its issue date if the T-bill price was $98,800.10
Prepare journal entries to record transactions for sherman : Prepare journal entries to record the transactions for Sherman Systems. Purchased 5,400 shares of its own common stock at $29 per share on October 11.
Create the program which converts fahrenheit to celsius : Create the following program which converts Fahrenheit to Celsius. Your program must have the following functions: Read integer Fahrenheit temperatures.
How many clothes must be sold to break even : Suppose that Candyland, Inc., raises the price to Rp. 500,000 per cloth but anticipates a sales drop to 180 clothes. What will the operating income?
Define how you would use a character array : Chapter 7 continues the discussion of arrays. Arrays include multiple data types and can include characters. Understanding that you can use characters.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Scott and quick are accountants for millenium computers

scott and quick are accountants for millenium computers. they disagree over the following transactions that occurred

  Prepare the plant assets section of bridgeport balance sheet

June 1 Sold land for $3,025,600. The land cost $1,891,000. Prepare the plant assets section of Bridgeport's balance sheet at December 31, 2018

  What would you say to michael and why

Michael just graduated with a degree in Accounting from State University. He worked hard in school but could only achieve a 2.95 GPA because he worked 40 hours.

  What would be the differintial income or loss

A business currently sells mobile phones in the domestic market for $80. What would be the differintial income or loss from accepting the overseas bid

  Four types of special journals

There are four types of special journals generally used by businesses: the sales journal, cash receipts journal, purchases journal, and cash payments journal.

  Describe the trend in net income over the years presented

What types of stock does the company have? How many shares are there outstanding for each type of stock for the most recent year presented?

  Discuss what specific types of relevant revenues and costs

What specific types of relevant revenues and costs would you consider in making this important decision

  What would be the effect on GNR investment in NMX account

Assuming that GNR owned 80% of NXR instead of 100%, what would be the effect on GNR's investment in NMX account under the Equity Method

  Dna corporation issued 4000000 in 8 percent 10-year bonds

dna corporation issued 4000000 in 8 percent 10-year bonds on february 1 2010 at 115. semiannual interest payment dates

  Determine which project might be implemented and why eg

write an email response in which you address the following pointsdetermine which project might be implemented and why

  Reported net asset balance of categories

What should be the reported net asset balance of the following categories during 2011: permanent restricted, temporarily restricted, unrestricted.

  To compensate for the uncertainty of future interest rates

To compensate for the uncertainty of future interest rates and the fact that the longer the term of a loan the higher the probability that the borrower will default, the lender typically ________.a. charges a higher interest rate on long-term loans.b..

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