Question
You can purchase a Treasury bill that is 68 days from maturity for $17,965. The Treasury bill has a face value of $18,000. a. Calculate
You can purchase a Treasury bill that is 68 days from maturity for $17,965. The Treasury bill has a face value of $18,000. a. Calculate the Treasury bills 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 bills 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)) c. Calculate the Treasury bills EAR. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))
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