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Answer and Explanation. Thank you. A $100,000 treasury bill that matures in 182 days is currently selling at 3 percent discount. What is the bond
Answer and Explanation. Thank you.
A $100,000 treasury bill that matures in 182 days is currently selling at 3 percent discount. What is the bond equivalent yield (BEY) on this security? a. 3.05 percent b. 3.09 percent c. 3.00 percent d. 2.95 percentStep by Step Solution
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