Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 02, 2024

An investor buys a T-bill at a bank discount quote of 4.40 with 90 days to maturity for 9,890.00. The bill has a face value

An investor buys a T-bill at a bank discount quote of 4.40 with 90 days to maturity for 9,890.00. The bill has a face value of $10,000. The investor's bond equivalent yield on this investment is _______.

	A.	4.51%.
	B.	4.45%
	C.	4.68%.
	D.	4.39%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Cryptoverse Understanding The Blockchain Bitcoin Ethereum And Co

Authors: Jonathan Geuter

1st Edition

979-8751163150

More Books

Students also viewed these Finance questions

Question

1.8. On Thursday nights, a local restaurant has a pasta special. Ari likes the restaurants pasta, and his willingness to pay for each serving is shown in the accompanying table a. If the price of a...

Answered: 1 week ago

Question

★★★★★

String Chains: Given an array of words representing your dictionary, you test each word to see if it can be made into another word in the dictionary. This will be done by removing characters one at a...

Answered: 1 week ago

Question

★★★★★

An investor buys a T-bill at a bank discount quote of 4.40 with 90 days to maturity for 9,890.00. The bill has a face value of $10,000. The investor's bond equivalent yield on this investment is...

Answered: 1 week ago

Question

★★★★★

On April 1. Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the compony's firs month. Aprit 2 Nozoni invested $30,0e0 cash and conputer equipent...

Answered: 1 week ago

Question

★★★★★

2. The second step in debugging a program is: a. review input values and algorithms b. code trace c. test outcomes d. corner the bug (isolate the anomaly) 3. The third step in debugging a program...

Answered: 1 week ago

Question

★★★★★

On December 31, 2016, Robey Company accumulated the following information for 2016 in regard to its defined benefit pension plan: Service cost $95,610 Interest cost on projected benefit obligation...

Answered: 1 week ago

Question

★★★★★

Now that the DFD has been created, it is time to build an object model for our new system. When thinking about SIM's objects, use the entities already identified: the technicians, customers, and...

Answered: 1 week ago

Question

★★★★★

The following is financial information for three companies: (List items that increase cash flow first.) NuVu Ltd. ABC Inc. Akhtar Ltd. Sales revenue $375,000 $573,000 $930,000 Cost of goods sold...

Answered: 1 week ago

Question

★★★★★

Ivanhoe Electric sold $6,480,000, 10%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and paid interest annually on January 1. The bonds were sold at 98. (a) Your answer is...

Answered: 1 week ago

Previous Question Next Question