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You can purchase a Treasury bill that is 65 days from maturity for $18.465. The Treasury bill has a face value of $18,500 a. Calculate
You can purchase a Treasury bill that is 65 days from maturity for $18.465. The Treasury bill has a face value of $18,500 a. Calculate the Treasury 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)) b. Calculate the Treasury bill's bond equivalent yield. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.9., 32.161)) c. Calculate the Treasury 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)) % % a. Treasury bill's quoted yield b. Treasury bill's bond equivalent yield Treasury bill's EAR
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