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What is the present value of a 3 month T-Bill?
Hi everyone. I've been given the following information on a 91 day treasury bill and need to convert it from book value to market value. Maturity = 91 days Annual Interest = 0.75% Book Value = $150 million No payment because it is a zero-coupon bond. I used the financial calculator and got a present...
The China Situation
In a world where everyone wants to be an exporter, he who has the weakest currency is king. And nobody knows this more than China. I came across this article from seeking alpha about the worsening trade situation between China and the states. [quote]“The Chinese government, in an effort to...
Putin Calls U.S. Economic Parasite
Don’t expect to see Russian President Vladimir Putin invited to the White House for a sleepover in the Lincoln Bedroom anytime soon. Vladimir Vladimirovich has committed the unpardonable diplomatic sin of speaking bluntly. Like Sherriff Woody from the Pixar movie “Toy Story,” Putin has...
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