Question 1 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. a) What is the implied per annual simple interest rate for her purchasing (expressed as a percentage and rounded to three decimal places)? Select one: a. 0.076 b. 0.032 c. 0.031 d. 0.088 Question 2 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. b) What is her selling price (rounded to four decimal places)? Select one: a. 98740.2903 b. 98634.0935 c. 98846.7161 d. 99317.7280 Question 3 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. c) What is her holding period yield rate? Expressed as a percentage and rounded to three decimal places. Select one: a. 0.761% b. 1.413% c. 2.039% d. 4.810%
Question 1
Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate.
a) What is the implied per annual simple interest rate for her purchasing (expressed as a percentage and rounded to three decimal places)?
Select one:
a. 0.076
b. 0.032
c. 0.031
d. 0.088
Question 2
Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate.
b) What is her selling price (rounded to four decimal places)?
Select one:
a. 98740.2903
b. 98634.0935
c. 98846.7161
d. 99317.7280
Question 3
Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate.
c) What is her holding period yield rate? Expressed as a percentage and rounded to three decimal places.
Select one:
a. 0.761%
b. 1.413%
c. 2.039%
d. 4.810%
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