Economics help! (Finance)
Can someone help me with this question please?
The rate of discount is given as d = (R-P)/R.n
Where R is redemption value, P is initial price and n is time to redemption
If the current rate of discount on treasury bills is quoted at 3 per cent:
a) Calculate the price of newly issued 13 week treasury bill, redemption value £500,000
The rate of discount is given as d = (R-P)/R.n
Where R is redemption value, P is initial price and n is time to redemption
If the current rate of discount on treasury bills is quoted at 3 per cent:
a) Calculate the price of newly issued 13 week treasury bill, redemption value £500,000
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