Question
A Treasury bill, with face value of $10,000 has 91 days to maturity. Jerry just paid $9,812 for it. Calculate the discount yield on the
A Treasury bill, with face value of $10,000 has 91 days to maturity. Jerry just paid $9,812 for it.
Calculate the discount yield on the T-bill. (Answer as % to 2 decimal (basis) points)
Calculate the bond equivalent yield on the T-bill. (Answer as % to 2 decimal (basis) points)
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Business Finance
Authors: Eddie McLaney
11th Edition
1292134402, 9781292134406
