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Hi, I have the answer to the question, but am not sure how to calculate it. Could you please show me the calculations and the
Hi, I have the answer to the question, but am not sure how to calculate it. Could you please show me the calculations and the formulas to this question?
6month Tbills yield 4.10% and the 18month 0coupon rate is 9.050988%. Treasury Notes with 6% coupon and exactly 18 months remaining to maturity trade to yield 8.93%. Find the yield on 12month T bills. State your answer as a percentage with six digits after the decimal point. (ANSWER 5.634500%)
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