Question
The bank discount rate (ask) on a T-bill with face value of $10000 and 50 days to maturity is 4.50, what is the T-bills bond
The bank discount rate (ask) on a T-bill with face value of $10000 and 50 days to maturity is 4.50, what is the T-bills bond equivalent yield? What is the EAR?
Please show your formulas and your work and explain where each number is from.
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Your Money The Missing Manual
Authors: J.D. Roth
1st Edition
0596809409, 978-0596809409
