Question Three (A) The results of Tender 1065 herd on 2nd tvfay2008 for Government of Ghana Securities show the rates for 91 Day and 182 Day Treasury Bills as follows: TREASURY BILLS AND NOTES Bid Rates Allotted in Full (% P.A) Range of Bid Rates (% P.A) Securities Discount Rates Interest Rates 91 Day Bill 182 Day Bill 1Year Note | 2 Year Fixed Rate Note 3 Year Fixed Rate Note 10.79 - 13.00 10.79 - 12.80 ?-? 11.00 - 12.70 11.00 - 12.70 ?-? 12.00 - 14.00 12.00 - 14.00 13.00 - 14.00 14.00 - 16.50 13.00 - 14.00 14.00 - 16.50 Source: The Ghanaian Times, Monday May 5, 2008 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 (?). ΝΟΤΕ: DO NOT DRAW THE TABLE
Question Three (A) The results of Tender 1065 herd on 2nd tvfay2008 for Government of Ghana Securities show the rates for 91 Day and 182 Day Treasury Bills as follows: TREASURY BILLS AND NOTES Bid Rates Allotted in Full (% P.A) Range of Bid Rates (% P.A) Securities Discount Rates Interest Rates 91 Day Bill 182 Day Bill 1Year Note | 2 Year Fixed Rate Note 3 Year Fixed Rate Note 10.79 - 13.00 10.79 - 12.80 ?-? 11.00 - 12.70 11.00 - 12.70 ?-? 12.00 - 14.00 12.00 - 14.00 13.00 - 14.00 14.00 - 16.50 13.00 - 14.00 14.00 - 16.50 Source: The Ghanaian Times, Monday May 5, 2008 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 (?). ΝΟΤΕ: DO NOT DRAW THE TABLE
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Question Three (A)
The results of Tender 1065 herd on 2nd tvfay2008 for Government of Ghana Securities show
the rates for 91 Day and 182 Day Treasury Bills as follows:
TREASURY BILLS AND NOTES
Range of Bid
Rates (% P.A)
Securities
Bid Rates Allotted in Full (% P.A)
Discount Rates Interest Rates
91 Day Bill
182 Day Bill
1 Year Note
2 Year Fixed Rate Note
3 Year Fixed Rate Note
10.79 - 13.00
10.79 - 12.80
?-?
11.00 - 12.70
11.00 - 12.70
?-?
12.00 - 14.00
13.00 - 14.00
14.00 - 16.50
12.00 - 14.00
13.00 - 14.00
14.00 - 16.50
Source: The Ghanaian Times, Monday May 5, 2008
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 (?).
ΝΟΤΕ: DO NOT DRAW THE TABLΕ
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