fbpx

Selling Price of the T-bill Assignment | Homework for You

15. Refer to the attached excerpts from the Wall Street Journal, to answer the following questions: (the excerpts show the closing prices as of Thursday January 23, 2020 and Wednesday April 1, 2020).Homework For You

Don't use plagiarized sources. Get Your Assignment on
Selling Price of the T-bill Assignment | Homework for You
Just from $13/Page
Order Now

A. You purchased a T-bill on Thursday January 23, 2020 which matures on July 30, 2020. Determine the purchase price of the T-bill (how much you paid for it). Use the excerpt of January 23 to get the price

B. On Wednesday April 1, 2020, you sold the same T-bill (which has the same maturity on July 30). Use the excerpt of April 1, 2020 to get the price

a. Determine the selling price of the T-bill (how much you received for it).

b. Determine the holding period rate of return (HPR) on this investment.

c. Determine the Annual Percentage rate of Return (APR) on this investment.

d. Determine the Effective Annual Rate of Return (EAR) on this investment.

Thursday, January 23, 2020

Treasury Notes & Bonds

Treasury note and bond data are representative over-the-counter quotations as of 3pm Eastern time. For notes and bonds callable prior to maturity, yields are computed to the earliest call date for issues quoted above par and to the maturity date for issues below par.

Maturity Date Coupon Rate Bid Price Asked Price Change Asked yield
1/31/2024 2.500 103.2320 103.2360 0.0260 1.536
2/15/2024 2.750 104.2460 104.2520 0.0300 1.529
2/29/2024 2.125 102.1020 102.1060 0.0280 1.535
2/29/2024 2.375 103.1000 103.1040 0.0300 1.534
3/31/2024 2.125 102.1160 102.1220 0.0320 1.535
4/30/2024 2.000 101.2820 101.2860 0.0280 1.538
4/30/2024 2.250 102.2900 102.2940 0.0280 1.540
5/15/2024 2.500 103.3120 103.3160 0.0320 1.538
5/31/2024 2.000 101.2940 101.3000 0.0300 1.538
6/30/2024 1.750 100.2800 100.2840 0.0340 1.541
6/30/2024 2.000 101.3000 101.3040 0.0340 1.543
7/31/2024 1.750 100.2860 100.2920 0.0320 1.540
7/31/2024 2.125 102.1600 102.1640 0.0300 1.547
8/15/2024 2.375 103.1960 103.2020 0.0320 1.547
8/31/2024 1.250 98.2220 98.2260 0.0280 1.541

U.S. Treasury Quotes

Wednesday, April 01, 2020

Treasury Notes & Bonds

Treasury note and bond data are representative over-the-counter quotations as of 3pm Eastern time. For notes and bonds callable prior to maturity, yields are computed to the earliest call date for issues quoted above par and to the maturity date for issues below par.Homework For You

Maturity Coupon Bid Asked Change Asked yield
12/31/2023 2.625 108.1760 108.1820 -0.0280 0.318
1/31/2024 2.500 108.0840 108.0900 -0.0120 0.322
2/15/2024 2.750 109.0900 109.0940 -0.0060 0.331
2/29/2024 2.125 106.3040 106.3100 -0.0080 0.330
2/29/2024 2.375 107.3000 107.3040 -0.0120 0.326
3/31/2024 2.125 107.0260 107.0320 -0.0040 0.334
4/30/2024 2.000 106.2200 106.2240 0.0040 0.343
4/30/2024 2.250 107.2360 107.2420 unch. 0.333
5/15/2024 2.500 108.2560 108.2620 unch. 0.341
5/31/2024 2.000 106.2660 106.2720 -0.0040 0.340
6/30/2024 1.750 105.2920 105.2960 0.0080 0.342
6/30/2024 2.000 106.3060 106.3120 0.0140 0.343
7/31/2024 1.750 106.0060 106.0120 0.6900 0.344
7/31/2024 2.125 107.1920 107.1960 0.0120 0.351
8/15/2024 2.375 108.2460 108.2520 0.0100 0.347
8/31/2024 1.250 103.3040 103.3100 unch. 0.343

Get Finance homework help today

Calculate your paper price

Pages(550 words)

Approximate price:-

Why Choose Our Assignment Writing Services

Quality Homework Papers

We aim at 100% customer satisfaction. As such, we never compromise on the quality of our assignment services and strive to maintain the highest standards of work for all our clients. Our writers craft each paper carefully to match the requirements on the instructions form while at the same time being surgical and objective while handling client work.

Professional Homework Help

We receive many applications from writers around the world daily. Nevertheless, we only choose the cream of the crop to tackle your “help with homework” requests. Hence, our homework helpers are highly-qualified individuals who adhere to our quality policy.

Affordable Homework Help Services

We maintain a fair pricing policy for all our homework help services. Our pricing system generates quotations based on the requirements of each paper. Hence regardless of the complexity or duration of a paper, our system determines the most accurate and pocket-friendly price for all our clients.

On-Time Assignment Delivery

At MyHomeworkWriters, we guarantee all students swift delivery of their assignments. We understand that time is an essential factor in the academic world. We, therefore, ensure that all assignments are delivered on or before the agreed deadline. This leaves room for editing to incase the client wants changes done to the work delivered by our writers.

100% Original Assignment Papers

We maintain a zero-plagiarism policy in all our papers. Our writers stick to the instructions to deliver plagiarism-free work. Other than that, they extensively research the work they are handling and are keen to avoid any chance of similarities with previously written papers. Our editors check every completed work to ascertain it’s at the set standards.

24/7 Customer Support

Our main objective is to assist you through every step of your academic journey. Thus, we completely understand that you might run into trouble once in a while when interacting with our system. If you do run into trouble, please get in touch with our support agents and they will immediately provide you with assistance. Feel free to contact us via the Chat window or email: support@myhomeworkwriters.com.

How myhomeworkwriters works?

Follow these simple steps to get your homework done

1). Place your order

Fill in the order form and provide all details of your assignment.

2). Proceed with the payment

Choose the payment system that suits you most.

3). Track Progress

You will be able to track the progress of your paper from our system.

4). Receive the final file

Once your paper is ready, we will email it to you.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

Our Assignment Services

Myhomeworkwriters holds a reputation for providing high-quality assignment writing services. You only need to give us all the requirements for your “do my homework” order, and our writers will give you the best results.

Research Services

Our team is skilled and equipped in searching for information required to complete work handed over to them. Regardless of the complexity of the work, we are determined to get the job done. Extensive research when handling client requests makes it possible for us to be able to stick to the boundaries and guidelines set by the clients. Thus enabling us to keep the work original and plagiarism free.

Writing Services

We have highly qualified writers to assist you whenever you place in "help with my homework" order. Our essay writing service is designed to not only help students get good grades but also excel in their studies. Our writers are highly experienced and educated specialists and professionals who want to do more than creating a difference in the academic field.

Editing and Proofreading Services

Our editors have a keen eye when going through work. They can capture even the smallest of errors. This has been made possible by the fact that we have been in the academic field for more than 5 years now. Thus, they bring with them previous experience when going through work to be able to capture everything. These unique skills make it possible for us to deliver error-free work to our clients.

Rewriting Services

Our team has very experienced specialists and professionals. This gives us a competitive edge over our competitors. Whenever we receive work that needs to be redone, everyone gets involved. That’s inclusive of our editors. This collective involvement in doing work makes it possible for us to deliver high-quality work to all our clients. Other than that it makes it possible for us to adhere to our originality and plagiarism-free policies.