Question
A three-month Treasury bill and a six-month bill both sell at a discount of 9%. a-1. Calculate the annual yield of three-month Treasury bill. (Do
A three-month Treasury bill and a six-month bill both sell at a discount of 9%.
a-1. Calculate the annual yield of three-month Treasury bill. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
a-2. Calculate the annual yield of six-month Treasury bill. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Note: Answers not 39.56% and 19.78%
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Professionals Handbook Of Financial Risk Management
Authors: Lev Borodovsky, Marc Lore
1st Edition
0750641118, 978-0750641111
