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You buy a US treasury bill 176 days before it matures at a discount rate of 7% and sell it again at a discount rate
You buy a US treasury bill 176 days before it matures at a discount rate of 7% and sell it again at a discount rate of 6.7% after holding it for 64 days. What yield have you achieved on a 365-day year basis?
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Accounting Information And Equity Valuation Theory, Evidence, And Applications
Authors: Guochang Zhang
1st Edition
1461481597, 9781461481591
