(c)The discount rate on this week's Government of Ghana 182-day treasury bills is quoted as 19.5521% If you buy 182-day bills with a face value of GHS10,000, how much would you pay for them? How much would you earn in interest over the holding period? [Express your answer as a percentage] Express the interest you would earn
(c)The discount rate on this week's Government of Ghana 182-day treasury bills is quoted as 19.5521% If you buy 182-day bills with a face value of GHS10,000, how much would you pay for them? How much would you earn in interest over the holding period? [Express your answer as a percentage] Express the interest you would earn
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 21P
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(c)The discount rate on this week's Government of Ghana 182-day treasury bills is quoted as 19.5521%
If you buy 182-day bills with a face value of GHS10,000, how much would you pay for them?
How much would you earn in interest over the holding period? [Express your answer as a percentage]
Express the interest you would earn
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