Question
A U.S. Treasury bill with 64 days to maturity is quoted at a discount yield of 1.75 percent. What is the bond equivalent yield? (Do
| A U.S. Treasury bill with 64 days to maturity is quoted at a discount yield of 1.75 percent. What is the bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) |
| Bond equivalent yield | % |
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
