Price a 180-day CD at a market yield of 7%. Why is the price different from that

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Price a 180-day CD at a market yield of 7%. Why is the price different from that of the T-Bill in problem 10?

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Financial Modeling For Managers With Excel Applications

ISBN: 9780970333315

2nd Edition

Authors: Dawn E. Lorimer, Charles R. Rayhorn

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Question Posted: Jun 13, 2024 02:00 AM

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Price a 180 day T-bill with face value $1m when the bank discount rate is 7%.
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Price a 180-day CD at a market yield of 7%. Why is the price different from that

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Financial Modeling For Managers With Excel Applications

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