31. Money-market yields (S31.5) A three-month Treasury bill and a six-month bill both sell at a discount

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31. Money-market yields (S31.5) A three-month Treasury bill and a six-month bill both sell at a discount of 10%. Which offers the higher annual yield?

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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