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Yesterday, the ask yield on a 50-day, $1,000,000 on-the-run Treasury bill was 3% on a bank discount basis. what is The CD equivalent yield for
Yesterday, the ask yield on a 50-day, $1,000,000 on-the-run Treasury bill was 3% on a bank discount basis. what is The CD equivalent yield for this security ?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
