Question
Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4] Sandra Waterman purchased a 52-week, $3,200 T-bill issued by the U.S. Treasury. The purchase price
Problem 15-6 Calculating Bond Yield for a T-Bill [LO15-4] Sandra Waterman purchased a 52-week, $3,200 T-bill issued by the U.S. Treasury. The purchase price was $3,189. a. What is the amount of the discount? b. What is the amount Ms. Waterman will receive when the T-bill matures? c. What is the current yield for the 52-week T-bill at the time of purchase? Note: Enter your answer as a percent rounded to 2 decimal places. a. Discount amount b. Maturity value c. Current yield %
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
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