An investor buys a $500,000 par value T-bill with 180 days till maturity for $482,000. He plans

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An investor buys a $500,000 par value T-bill with 180 days till maturity for $482,000. He plans to sell it after30days, and forecasts a selling price of $487,000 at that time. Whatis the annualized yield based on anAnnual EffectiveYield(EAR or AERor compound) basis?

Posted Date: Jun 27, 2024 02:14 AM

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An investor buys a $500,000 par value T-bill with 180 days till maturity for $482,000. He plans

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