Question
A T-bill maturing in 140 days with a face value of $1,000,000 is currently selling for $992,795.85. What is the T-bill's bond equivalent yield? Assume
A T-bill maturing in 140 days with a face value of $1,000,000 is currently selling for $992,795.85. 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 place
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
2nd Edition
0812043731, 978-0812043730
