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Investment management question 1. What price would you pay for a 127 day bank bill with $2,475,869.00 face value trading at a yield of 0.17%
Investment management question
1. What price would you pay for a 127 day bank bill with $2,475,869.00 face value trading at a yield of 0.17%
3. If you sold this bill (from part 1) 86 days later at a yield of 0.24%:
a) What is your profit or loss?
b) What is your return over the period?
c) What is your annualised return?
d) Compared with long term returns from cash, was this a good return? Explain why?
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