Question
a. Calculate the effective annual interest rate for (1) A 3-month T-bill selling at $97,050 with par value $100,000. (2) A 12% coupon bond selling
| a. | Calculate the effective annual interest rate for (1) A 3-month T-bill selling at $97,050 with par value $100,000. (2) A 12% coupon bond selling at par and paying coupons semiannually. (Round your answers to 2 decimal places. Omit the "%" sign in your response.) |
| Effective Annual Rate | |
| T-bill | % |
| Coupon bond | % |
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Secured Finance Transactions
Authors: Dominic RM Griffiths
2nd Edition
1787425142, 978-1787425149
