Strayer Univeristy Compute the Amount of Interest Finance Questions

Economics, Strayer Univeristy

Strayer Univeristy Compute the Amount of Interest Finance Questions

Description

Question 1

Price a 90-day bank bill that has a face value of $100,000 and

has a yield of 6.50%
has a yield of 8.00%
has a yield of 8.00% but 60-days to maturity

Question 2

A 90-day bank bill with a face value $100,000 was purchased with a yield of 4.00%. If it is sold after 30 days at a yield of 4.50%, what dollar amount of interest was earned?

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