John Smith, a private investor, purchases a treasury bill for $9645 that has a par value of $10,000. One hundred days later, John sells the
John Smith, a private investor, purchases a treasury bill for $9645 that has a par value of $10,000. One hundred days later, John sells the T-bill for $9,719. What is John's expected yield from this transaction?
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Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
