1993 three-year national debt, with an interest-bearing period of three years, with the interest-bearing principal unchanged, and the interest will be paid in installments: 1 March 19931June 30, 1993, with an annual interest rate of13.96%; 1 July 9931to1February 29, 996, with the annual interest rate of 13.96% plus the value-preserving subsidy rate of1March 996 announced by the People's Bank of China, the total interest per 100 yuan should be 7. 1993 five-year national debt 100 yuan, and the interest payable after five years is 79.30 yuan. As the state stipulates that the national debt will repay the principal on schedule, and the interest will be paid in one lump sum, excluding compound interest, so you can only use the national debt of 65,438+0,993 to pay the principal plus interest of 65,438+0,765,438+0.99 yuan or 65,438+0.79 30 yuan. However, in the coin collection and trading market, the physical transaction of treasury bills is still quite hot. The transaction price of a brand-new three-year Treasury bill with the denomination of 1993 is 400 yuan, and that of a five-year Treasury bill is 500 yuan.
The following information is expected to help you:
National debt refers to a kind of government bond issued by the state financial organ to make up for the imbalance of national treasury revenue and expenditure. Treasury bills were invented by British economist and writer Walter Bazott in 1877, and were first issued in Britain. Because the debtor of the national debt is the country, its repayment guarantee is the national fiscal revenue, and there is almost no risk of credit default, so it is the least risky credit tool in the financial market. The shortest term of China's national debt is one year, while there are many kinds of national debt in western countries, which can be generally divided into four types: three months, six months, nine months and 1 year, and the starting point of denomination varies from country to country.
Treasury bill characteristics
Treasury bill rate is closely related to commercial bills and certificates of deposit. Treasury bond futures can provide hedging for other certificates when the income fluctuates. Strong liquidity. National debt has a broad secondary market, easy to change hands, can be realized at any time, and has a high reputation. National debt is the direct debt of the government and the lowest risk investment for investors. Many investors regard them as the best investment targets. Although the interest rate of national debt is generally lower than that of bank deposits or other bonds, due to the exemption of income tax in debt interest, investment in national debt can obtain higher returns.