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Question 19 A treasury bill (money market) has the following characteristics: Currently trading at $9,780, Face value (or PAR) of $10,000, matures in 90 days.

Question 19

A treasury bill (money market) has the following characteristics: Currently trading at $9,780, Face value (or PAR) of $10,000, matures in 90 days.

How much is the BEY (Bond Equivalent Yield)?

Enter your answer in the following format: 0.1234 Hint: Answer is between 0.0785 and 0.1022

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