Question
An investor buys a T-bill with 120 days to maturity and $50,000 par value for $45,800. He plans to sell it after 90 days, and
An investor buys a T-bill with 120 days to maturity and $50,000 par value for $45,800. He plans to sell it after 90 days, and forecasts a selling price of $47,200 at that time. (a) What is the annualized yield based on this expectation? (b) What is the Discount based on this expectation?
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People Centric Skills Interpersonal And Communication Skills For Financial Professionals
Authors: Danny M. Goldberg
2nd Edition
1119669308, 978-1119669302
