Question
23. A one-year $1,000 T-bill is offering a 10% yield. What price must an investor pay if she wants to buy the bond today? LO2
23. A one-year $1,000 T-bill is offering a 10% yield. What price must an investor pay if she wants to buy the bond today? LO2
The price of the bond is $909.09.
The price of the bond is $1,000.
The price of the bond is $965.24.
The price of the bond is $983.65.
24. A one-year $1,000 T-bill is priced at $980. What yield is it offering? LO2
2.04%
7.04%
1.50%
3.17%
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Derivative Products And Pricing The Das Swaps And Financial Derivatives Library
Authors: Satyajit Das
1st Edition
0470821647, 9780470821640
