Question
A Treasury bill maturing in 182 days has a face value of $100,000 and was just issued at a price of $97,000. What is the
A Treasury bill maturing in 182 days has a face value of $100,000 and was just issued at a price of $97,000. What is the security's money market yield?
| a. | 3.05% | |
| b. | 3.18% | |
| c. | 6.20% | |
| d. | 6.12% |
what is the security's bond equivalent yield?
| a. | 3.18% | |
| b. | 6.20% | |
| c. | 6.12% | |
| d. | 3.05% |
what is the security's discount rate?
| a. | 6.12% | |
| b. | 5.81% | |
| c. | 6.20% | |
| d. | 5.93% |
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
6th Edition
0030213088, 9780030213083
