Question
#5 A T-bill with face value $10,000 and 88 days to maturity is selling at a bank discount ask yield of 3.5%. a. What is
#5
A T-bill with face value $10,000 and 88 days to maturity is selling at a bank discount ask yield of 3.5%. a. What is the price of the bill? (Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)
b. What is its bond equivalent yield? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
