question archive 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