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(See Thomas chs. 5-6; lecture 3a.) Easier with a calculator (a cheap one will do). Round dollar answers to the nearest cent (yen answers to
(See Thomas chs. 5-6; lecture 3a.) Easier with a calculator (a cheap one will do). Round dollar answers to the nearest cent (yen answers to the nearest yen); round percentage answers to two decimal places (e.g. 6.33%). Do not round in the middle of a computation. Notes: all T-bills have zero coupons. All interest rates are annualized. (6 pts. per blank)
The market yield-to-maturity for a 1year Tbill having a current market price of $9969 and a face (final) value of $10,000 is i = _____%
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