Question
A T-bill trades at a 0.20% discount from par, maturing in 73 days. The bond-equivalent yield is a. 1.00% b. 0.99% c. 1.01% d. need
A T-bill trades at a 0.20% discount from par, maturing in 73 days. The bond-equivalent yield is a. 1.00% b. 0.99% c. 1.01% d. need more information
Was given correct answer A)1.00%, but unsure how to solve problem. Appreciate the help
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
8th Edition
0357714636, 9780357714638
