A Treasury bill with 64 days to maturity is quoted at 99.012. What is the bank discount
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A Treasury bill with 64 days to maturity is quoted at 99.012. What is the bank discount yield, the bond equivalent yield, and the effective annual return?
MaturityMaturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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Related Book For 
Fundamentals of Investments Valuation and Management
ISBN: 978-0078115660
7th edition
Authors: Bradford Jordan, Thomas Miller
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