Question
1 year bill priced on a discount basis at 1.9726% Act/360. (Similar to US t bill) The bill's actual days from settlement to maturity are
1 year bill priced on a discount basis at 1.9726% Act/360. (Similar to US t bill)
The bill's actual days from settlement to maturity are exactly 365.
Settlement price is $98 per $100 of par value.
Find YTM for annual frequency and Act/365
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M: Finance
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260772357, 9781260772357
