Assume that 3-month Treasury bills totaling $18 billion were sold in $10,000 denominations at a discount...

Assume that 3-month Treasury bills totaling $18 billion were sold in $10,000 denominations at a discount rate of 4.600%. In addition, the Treasury Department sold 6-month bills totaling $16 billion at a discount rate of 4.545%. a. What is the discount amount for 3-month bills? (Do not round intermediate calculations. Round your final answer to the nearest cent.) b. What is the discount amount for 6-month bills? (Do not round intermediate calculations. Round your final answer to the nearest cent.) c. What is the effective rate for 3-month bills? (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.) d. What is the effective rate for 6-month bills? (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.) Next Visit question mapQuestion 24 of 35 Total24 of 35 Prev

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ssume that 3-month Treasury bills totaling $13 billion were sold in $10,000 denominations at a discount...

ssume that 3-month Treasury bills totaling $13 billion were sold in $10,000 denominations at a discount rate of 3.650%. In addition, the Treasury Department sold 6-month bills totaling $11 billion at a discount rate of 3.595%. a. What is the discount amount for 3-month bills? (Do not round intermediate calculations. Round your final answer to the nearest cent.) Discount amount for 3-month bills $ b. What is the discount amount for 6-month bills? (Do not round intermediate calculations. Round your...

The Treasury Department auctioned $10 billion in 3-month bills in denominations of $10,000 at a discount...

The Treasury Department auctioned $10 billion in 3-month bills in denominations of $10,000 at a discount rate of 3.000%. What would be the effective rate of interest?

Discount Bonds Discount bonds such as Treasury bills have no stated interest rate. They are sold...

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1. Suppose the interest rate on 6-month treasury bills is 7 percent per year in the...

1. Suppose the interest rate on 6-month treasury bills is 7 percent per year in the United Kingdom and 4 percent per year in the United States. Also, today’s spot exchange price of the pound is $2.00 while the 6month forward exchange price of the pound is $1.98. If the price of the 6-month forward pound were to _____, U.S. investors would be indifferent between covered U.K. investment and domestic U.S. investment under exact CD. a. rise to $1.990 b....

In a Treasury auction of 182-day T-bills, the following bids were submitted:Bidder 1 bid for $500...

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