Question
A Treasury bill has a face value of 100K, 177 days to maturity, and is selling for $98 thousand. What is the effective annual
A Treasury bill has a face value of 100K, 177 days to maturity, and is selling for $98 thousand. What is the effective annual yield on this bill? Enter answer in percents, accurate to two decimal places.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
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