Question
A U.S. Treasury bill with 108 days to maturity is quoted at a discount yield of 2.00 percent. Assume a $1 million face value. What
A U.S. Treasury bill with 108 days to maturity is quoted at a discount yield of 2.00 percent. Assume a $1 million face value. What is the bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places.)
Bond equivalent yield %
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
