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you purchased a $10,000 U.S. T-bill maturing in 150 days for $9,800. The money market yield is quoted at 4.898%. How do you go about
you purchased a $10,000 U.S. T-bill maturing in 150 days for $9,800. The money market yield is quoted at 4.898%. How do you go about computing the HPY and the EAY?
a.
HPY = 4.898% and EAY 5.039%
b.
HPY = 16.32% and EAY = 8.16%
c.
HPY = 2.041% and EAY = 8.16%
d.
HPY = 2.041% and EAY = 5.039%
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