Question
Hello, I do need to make this clear before I take the next chapter, please help me as soon as possible. Because I don't have
Hello, I do need to make this clear before I take the next chapter, please help me as soon as possible.
Because I don't have much time before I go to work,, I only have about 1.5 hour so don't leave and help me
I'd appreciate it if you write down a short explanation or a formula used.
I can't read hand-written letters, hope you can type it.
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1) What price per $100,000 of face value would a fund manager be prepared to pay to purchase 30-day Treasury notes if the current yield on these instruments was 3% per annum? Show your work.
2) A commercial bill with a face value of $10,000 and 270 days to maturity is purchased with a yield to maturity of 5.75 percent per annum. After the bill
has been held for 100 days it is sold at a yield of 4.35 percent per annum.
What rate of return was earned by the original holder of the bill; that is, what is the holding period yield? Show your work.
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