Question
A GBP 500,000 180-day bill is purchased with a yield of 6% and sold 90 days later with a yield of 5%. A year has
A GBP 500,000 180-day bill is purchased with a yield of 6% and sold 90 days later with a yield of 5%. A year has 365 days for GBP. Calculate the discrete Holding period return for this note and calculate the continuous holding period return?
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
