Question
A T-bill maturing in 133 days with a face value of $1,000,000 is currently selling for $998,408.97. What is the T-bill's bond equivalent yield? Assume
A T-bill maturing in 133 days with a face value of $1,000,000 is currently selling for $998,408.97. What is the T-bill's bond equivalent yield? Assume a 365 day year. Submit your final answer as a percentage rounded to two decimal places (Ex. 0.00%)
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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
