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You can purchase a T-bill that is 71 days from maturity for $15,965. The T-bill has a face value of $16,000. a. Calculate the T-bill's
You can purchase a T-bill that is 71 days from maturity for $15,965. The T-bill has a face value of $16,000. a. Calculate the T-bill's quoted yield. (Use 360 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) T-bill's quoted yield % b. Calculate the T-bill's bond equivalent yield. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) T-bill's bond equivalent yield % c. Calculate the T-bill's EAR. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161) T-bill's EAR %
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