Lydia purchased a $100,000 150-day T- bill when the prevailing yield on T - bills was 4.5%. She sold the T - bill 60 days. later when the prevailing yield was 4.2% . What interest rate did Lydia earn during - the 60 day period? (Round your answer to three decimal places.)
Lydia purchased a $100,000 150-day T- bill when the prevailing yield on T - bills was 4.5%. She sold the T - bill 60 days. later when the prevailing yield was 4.2% . What interest rate did Lydia earn during - the 60 day period? (Round your answer to three decimal places.)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter7: Nonlinear Optimization Models
Section7.3: Pricing Models
Problem 3P: Pricing Decisions at Madison The Madison Company manufactures and retails a certain product. The...
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