Question
An investor buys a Tbill with 180 days to maturity and $250,000 par value for $237,000. He plans to sell it after 90 days, and
An investor buys a Tbill with 180 days to maturity and $250,000 par value for $237,000. He plans to sell it after 90 days, and forecasts a selling price of $245,000 at that time. What is the annualized yield based on this expectation?
| 13.69% | ||
| 13.24% | ||
| 6.84% | ||
| 6.62% | ||
| 9.45% |
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
7th Edition
0324171730, 978-0324171730
