Question
The coupon equivalent yield of a oneyear Treasury bill with a$1,000 face value and a current price of$970 is__________ percent. A. 3.1 B. 3.0 C.
The coupon equivalent yield of a oneyear Treasury bill with a$1,000 face value and a current price of$970 is__________ percent.
A.
3.1
B.
3.0
C.
9.7
D.
None of the above.
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
