The Purchaser of a 168 Day T-Bill with a Face

question 112

Short Answer

The purchaser of a 168 day T-bill with a face value of $100,000 paid $97,320.00 for it. After 60 days, interest rates had increased and she sold the T-bill for $97,833.95. What simple interest rate of return per annum did she realize while holding the T-bill?

Understand the roles and strategies of multinational corporations in global markets.

Analyze the ethical and socioeconomic implications of globalization.

Discover how technology and the internet influence globalization and international business.

Discuss the theoretical perspectives on globalization, including flat, round, and spiky world views.

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Definitions:

Thyroid Cartilage

The largest cartilage of the larynx, forming the Adam's apple in the neck.

Larynx

The voice box located in the neck, involved in breathing, producing sound, and protecting the trachea against food aspiration.

Sternocleidomastoid

A neck muscle that flexes and rotates the head, visible when turning the head or when strained.

Palatoglossus

A muscle that elevates the back of the tongue and narrows the oropharyngeal isthmus, playing a role in swallowing and speech.