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Luden [163]
3 years ago
13

A T-bill quote sheet has 60-day T-bill quotes with a 4.95 ask and a 4.89 bid. If the bill has a $10,000 face value, an investor

could sell this bill for _____.
a. $9,918.50
b. $9,919.62
c. $9,917.50
d. $10,000
Business
2 answers:
PilotLPTM [1.2K]3 years ago
5 0

Answer:

c. $9,917.50

Explanation:

The bid price is the rate at which an investor will buy (4.89). While the ask price is the rate at which the T bill will be sold ($4.95).

In this question we are concerned with the ask price.

To calculate the selling price use the following formula

Yield discount= (face value-price)/face value * (360/maturity)

4.95%= (10,000- price)/10,000 * (360/60)

Cross-multiply

10,000 * 0.0495= (10,000- price) * 6

495/6= 10,000- price

price= 10,000-82.5

Price= $9,917.50

In-s [12.5K]3 years ago
3 0

Answer:The correct answer is a). $9,918.50

Explanation: In selling, the investor will use the bid price of $4.89 alongside the face value of the bill.

That is to say, the face value * (1-(bid price * no. of days)/days in a year) = 10000 * (1-(0.0489*60)/360) = $9,918.50

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Diano4ka-milaya [45]

Many companies moved their operations from new england and the midwest to locations in the south because: the South had less expensive site factors than northern regions.

<h3>Change of operation location from midwest to south</h3>

The major reason why most companies tend to moved their operation to south was to maximize profit.

Compare to midwest, the site factors such as rew material, labor and land were more cheaper in the south.

This companies change their operation location because they want to reduce cost as their aims and objective is to generate or maximize profit.

Inconclusion the South had less expensive site factors than northern regions.

Learn more about Change of operation location from midwest to south here:brainly.com/question/503796

8 0
2 years ago
5. Debit cards can be:
Molodets [167]
The answer to that question is letter D. hope this helps
5 0
3 years ago
Read 2 more answers
Faucet Company reported the following information for 2008: October November December Budgeted sales $620,000 $580,000 $720,000
max2010maxim [7]

Answer:

Cash receipt for the month of November is $600000

Explanation:

The receipt of the cash will be such that the sales made in a particular month will be calculated half in the month of sale and half in the next month. Thus, the cash receipt from the accounts receivables for the month of November will be,

Cash received from the October sales = 620000 * 0.5 = $310000

Cash received from the November sales = 580000 * 0.5 = $290000

Total cash receipt in the month of November will be,

Cash receipt - November = 310000 + 290000

Cash receipt - November = $600000

3 0
3 years ago
A. Define supply as an economist would. B. List and explain three (3) non-price factors that will shift the supply curve. C. If
Paladinen [302]

Answer:

A: Refer the detail below

B: Refer the detail below

C: Refer the detail below

Explanation:

A. Definition of Supply

Supply is an economic term that refers to the quantity of a given product or service that suppliers are willing to offer to consumers at a given price level at a given period. Supply is positively related to price given that at higher prices there is an incentive to supply more as higher prices may generate increased revenue and profits

B. Non-price factors that will shift the supply curve

1. Producer input costs

2. producer expectation

3. The number of sellers.

C. Impact of Fountain Pens market

If the cost of production of fountain pens falls, producers can produce more goods by using the same amount of money. Therefore, the supply will increase and the supply curve will shift to the right.

5 0
3 years ago
Based on the following information, determine the location quotient for KuDu City and whether this city has a competitive advant
Nata [24]

Answer: 7.24

Explanation:

The location quotient for this question can be calculated by;

=  ( Employment in Amusements and Recreation in KuDu City / Total Employment in KuDu City) / (Employment in Amusements and Recreation (nationally) / Total Employment (nationally))

= (54,446/578,477) / (1,381,377/ 106,201,232)

= 7.2359

= 7.24

5 0
3 years ago
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