Question
A Treasury bill that settles on May 18, 2019, pays $100,000 on August 21, 2019. Assuming a discount rate of .48 percent, what are the
A Treasury bill that settles on May 18, 2019, pays $100,000 on August 21, 2019. Assuming a discount rate of .48 percent, what are the price and bond equivalent yield? Use Excel to answer this question.(Round your price answer to 2 decimal places. Enter your yield answer as a percent rounded to 3 decimal places.)
Price = ____%
Bond Equivalent Yield = _____%
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
