Mathematics, 31.08.2021 14:00, 61497

15 (a) To buy a Treasury bill (T-bill) that mat ures to
$10000 in e months, you must pay $9750. What
rate does this earn?
(b) If the bank charges a fee of S40 to buy a T-bill, what
is the actual interest rate you earn?

Answers: 1

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15 (a) To buy a Treasury bill (T-bill) that mat ures to
$10000 in e months, you must pay $975...