help me calculate how much markup will i get...
(well in my case its a lil more complex as i deposited the money in 2 parts, cuz i booked it even before it was launched as an exi, and then paid the difference amount after it was launched, even filled two forms today... one for 1,000,000 from 15th July, and the other for 505,000 from 2nd August)
calculation 1:
{(1,000,000/1.15)}/365 X rate of T.bills X 87days
= 207266 X rate of T.bills - 10% of 207266 X rate of T.bills
=186539 X rate of T.bills
calculation 2:
{(505,000/1.15)}/365 X rate of T.bills X 69 days
= 83013 X rate of T.bills - 10% of 83013 X rate of T.bills
=74712 X rate of T.bills
grand total...
261,251 X rate of T.bills
now can sum1 please tell me wats the rate of T.bills*
*weighted average yield of 3 months of treasury bills auctioned by State Bank of Pakistan