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Why is the bond equivalent yield of a T-bill higher than the yield calculated on a discount basis? (Some of the bond equivalent yields are
Why is the bond equivalent yield of a T-bill higher than the yield calculated on a discount basis? (Some of the bond equivalent yields are the same as the discount yield in Exhibit 7.4 because the Wall Street Journal rounds the numbers presented and they arent really the same.) ( 2 reasons please)
Why is the bond equivalent yield of a T-bill higher than the yield calculated on a discount basis? (Some of the bond equivalent yields are the same as the discount yield in Exhibit 7.4 because the Wall Street Journal rounds the numbers presented and they arent really the same.) ( 2 reasons please)
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