On April 1, S10,000.00 364-day treasury bills were auctioned off to yield 2.31%. (a) What is the price of each $10,000.00 T-bill on April 1? (b) What is the yield rate on July 19 if the market price is $9779.39? (c) Calculate the market value of each S10,000.00 T-bill on September 12 if the rate of return on that date is 2.525%. (d) What is the rate of return realized if a $10,000.00 T-bill purchased on April 1 is sold on November 21 at a market rate of 3.014%? (a) The price is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The yield rate is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (c) The market value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The rate of return realized is%. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

On April 1, S10,000.00 364-day treasury bills were auctioned off to yield 2.31%. (a) What is the price of each $10,000.00 T-bill on April 1? (b) What is the yield rate on July 19 if the market price is $9779.39? (c) Calculate the market value of each S10,000.00 T-bill on September 12 if the rate of return on that date is 2.525%. (d) What is the rate of return realized if a $10,000.00 T-bill purchased on April 1 is sold on November 21 at a market rate of 3.014%? (a) The price is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The yield rate is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.) (c) The market value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The rate of return realized is%. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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