Question
You look in the newspaper and see the following quote for a Treasury Bill: Bid=0.195 and Asked=0.210. You can sell the Treasury Bill for $9,997.08.
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You look in the newspaper and see the following quote for a Treasury Bill: Bid=0.195 and Asked=0.210. You can sell the Treasury Bill for $9,997.08. What is the asked yield (i.e. the bond equivalent yield using the asked)? The T-Bill will pay $10,000 at maturity.
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
9th Edition
0321598903, 978-0321598905
