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An investor purchased a 182-day, $5000.00 T-bill on its issue date for $4943.29. After holding it for 66 days, she sold theT-bill for a yield
An investor purchased a 182-day, $5000.00 T-bill on its issue date for $4943.29. After holding it for 66 days, she sold theT-bill for a yield of 2.02%.
What was the original yield of theT-bill?
(b) For what price was theT-bill sold?
(c) What rate of return(per annum) did the investor realize while holding thisT-bill?
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