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A 3-month (i.e. 91 days) Treasury bill with a face value $150,000 was sold at a $148,000 price. Calculate the Treasury's money market yield Calculate
A 3-month (i.e. 91 days) Treasury bill with a face value $150,000 was sold at a $148,000 price.
- Calculate the Treasury's money market yield
- Calculate the Treasury's bond equivalent yield
- At what discount rate was the Treasury offered?
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
