What is the effective, compound rate of interest you earn if enter into a repurchase agreement in which you buy a tresaury bill for $76,789 and agree to sell it after  a month (30 days ) for $77,345? what is the compound rate of interest you pay if you sell a tresaury bill for $76,789 and repurchase it after 30 days for $77,345?

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
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What is the effective, compound rate of interest you earn if enter into a repurchase agreement in which you buy a tresaury bill for $76,789 and agree to sell it after  a month (30 days ) for $77,345? what is the compound rate of interest you pay if you sell a tresaury bill for $76,789 and repurchase it after 30 days for $77,345?

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