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Essay example - International Financial Market
Finance & Accounting
Pages 6 (1506 words)
INTERNATIONAL FINANCIAL MARKET by Code+ University name Date Task1. a) Treasury bill maturing 17th September 2007 Formula: Po= (Amount on offer/(r/ (365/n) Amount on offer= 750,000,000 r=0.05693508 n=93 days Average Sales Price= 51700083448 Treasury bill maturing 22nd September 2008 Formula: Po= (Amount on offer/(r/ (365/n) Amount on offer=400,000,000 r=0.05241187 n=93 days Average Sales Price= 29952994868 Treasury bill maturing 21st September 2009 Formula: Po= (Amount on offer/(r/ (365/n) Amount on offer=1,500,000,000 r=0.0504771 n=93 days Average Sale Price= 116629060984 Treasury bill maturing 20th September 2010 Formula: Po=…
Extract of sample
008 because most of the investors are big institutions like the pension fund, investment funds, sovereign states, and banks. The sovereign states have significant strategic and economic considerations that inform the willingness to buy the treasury bills (Grabbe, 2006). Additionally, treasury bills are not purchased for their contribution and returns, but because they are the safest method for holding reserves. Although most people believe the risk in the financial system, the investors are ready to accept less return for the protection of reserves (Grabbe, 2006). ...
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