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The yield on a discount basis of a 90-day, 1,000, 000 Treasury bill selling for 950, 000 is? 2.A 90 days Certificate of Deposit for
The yield on a discount basis of a 90-day, 1,000, 000 Treasury bill selling for 950, 000 is?
2.A 90 days Certificate of Deposit for P500 000 at 6 per cent matures in 83 days. It is currently trading at P490 000. Rate of return of this CD current offering is?
3.A 3 month Treasury bill is issued at 98% of its par value. It will be redeemed at its par value (100 %) 90 days after issue. It is traded on an add-on basis. The yield of the security is?
2.A 90 days Certificate of Deposit for P500 000 at 6 per cent matures in 83 days. It is currently trading at P490 000. Rate of return of this CD current offering is?
3.A 3 month Treasury bill is issued at 98% of its par value. It will be redeemed at its par value (100 %) 90 days after issue. It is traded on an add-on basis. The yield of the security is?
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To calculate the yield on a discount basis you need to use the formula Yield Face Value Purcha...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
