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NEED ASAP!!!!!! NEED NOW PLZ A Treasury bill has a bank discount yield of 6.22% based on the ask price and 6.26% based on the
NEED ASAP!!!!!! NEED NOW PLZ
A Treasury bill has a bank discount yield of 6.22% based on the ask price and 6.26% based on the bid price. The maturity of the bill (already accounting for skip-day settlement) is 55 days.
Find the bond equivalent yield based on the ask price. Report the result in % with 3 digits after the decimal place. (For example 8.195% has three digits after the decimal place; 1, 9, and 5).
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