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A treasury bill has a face value of $4,000,000, a discount yield of 7.344 percent, and 140 days to maturity. What is the money market
A treasury bill has a face value of $4,000,000, a discount yield of 7.344 percent, and 140 days to maturity. What is the money market instrument's bond equivalent yield? What is the effective annual rate for this money market instrument? . How would you calculate this on a finance calculator BAII plus?
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Financial Management Principles And Practice
Authors: Timothy Gallagher
6th Edition
1930789157, 978-1930789159
