Assignment Three (A) The results of Tender 1065 herd on 2nd May 2008 for Government of Ghana Securities show the rates for 91 Day and 182 Day Treasury Bills as follows: TREASURY BILLS AND NOTES Securities 91 Day Bill 182 Day Bill 1 Year Note 2 Year Fixed Rate Note Range of Bid Rates (% P.A) 10.79 - 13.00 11.00 - 12.70 12.00 - 14.00 13.00 - 14.00 Bid Rates Allotted in Full (% P.A) Discount Rates 10.79 - 12.80 11.00 - 12.70 Interest Rates ?-? ?-? 12.00 - 14.00 13.00 - 14.00 3 Year Fixed Rate Note 14.00 - 16.50 14.00 - 16.50 Using the Discount Rates provided for the 91 Day Bill and 182 Day Bill, calculate their Interest Equivalent Rates indicated in the table with Question Marks (?).

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Assignment Three (A)
The results of Tender 1065 herd on 2nd May 2008 for Government of Ghana Securities show
the rates for 91 Day and 182 Day Treasury Bills as follows:

TREASURY BILLS AND NOTES

Securities

91 Day Bill
182 Day Bill
1 Year Note
2 Year Fixed Rate Note

Range of Bid
Rates (% P.A)
10.79 - 13.00
11.00 - 12.70
12.00 - 14.00
13.00 - 14.00

Bid Rates Allotted in Full (% P.A)

Discount Rates
10.79 - 12.80
11.00 - 12.70

 

Interest Rates
?-?
?-?
12.00 - 14.00
13.00 - 14.00
3 Year Fixed Rate Note  14.00 - 16.50    14.00 - 16.50

Using the Discount Rates provided for the 91 Day Bill and 182 Day Bill, calculate their
Interest Equivalent Rates indicated in the table with Question Marks (?).

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