Question
US treasury bills hold (100.00 par value) a. 97.25, 182 days b. 95.75, 270 days. c. 98.75, 91 days Calculate the bank discount rate on
US treasury bills hold (100.00 par value) a. 97.25, 182 days b. 95.75, 270 days. c. 98.75, 91 days Calculate the bank discount rate on each bill if it is held to maturity. What is the equivalant yield to maturity on each of these treasury bills?
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
