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

question 154

Short Answer

The purchaser of a 168-day T-bill with a face value of $100,000 paid $98,929.92 for it. After 50 days, interest rates had increased and she sold the T-bill at 2.85%. What price did she receive for the T-bill?

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Definitions:

Sociologists

Experts or scientists who study the development, structure, and functioning of human society and the behavior of individuals in social groups.

Block Scheduling

An organizational timetable for schools in which class times are longer and fewer subjects are studied in a day, but for longer periods.

Leading Question

A type of question that suggests to the respondent the desired answer, often by implying or directly stating the expected response.

Double-Barreled Question

A question that combines two different issues into one, making it difficult for respondents to answer accurately, often leading to confusion and unreliable data.