Question
On Mon Sept 23 (for the usual T+1 settlement), a T-bill maturing Oct 24 is quoted at a price of 99.85% of face. What is
On Mon Sept 23 (for the usual T+1 settlement), a T-bill maturing Oct 24 is quoted at a price of 99.85% of face. What is the bank discount yield?
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Step: 1
The bank discount yield BDY can be calculated using the following formula BDY frac...
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
