question archive You bought $150 000 in 364-day T-bills

You bought $150 000 in 364-day T-bills

Subject:AccountingPrice: Bought3

You bought $150 000 in 364-day T-bills. The T-bills was available at a rate of 4.432% simple discount. If you paid $148 811.24 for the T-bills, how many days before maturity did you buy it?

 

a} 56.27 days

b} 65.26 days

c} 52.67 days

d} 76.26 days

 

pur-new-sol

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