Question
A treasury bill (money market) has the following characteristics: Currently trading at $8,935, Face value (or PAR) of $10,000, matures in 90 days. How much
A treasury bill (money market) has the following characteristics: Currently trading at $8,935, Face value (or PAR) of $10,000, matures in 90 days.
A treasury bill (money market) has the following characteristics: Currently trading at $8,935, Face value (or PAR) of $10,000, matures in 90 days.
How much is the EAY (Effective Annual Yield)?
Enter your answer in the following format: 0.1234 Hint: Answer is between 0.5731 and 0.6251
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Dark Finance
Authors: Fabio Mattioli
1st Edition
1503611655, 978-1503611658
