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You see that a $20,000 T-Bill with a maturity of 70 days is quoted as 0.04(Bid) and 0.03 (Ask). What would be investor's actual yield
You see that a $20,000 T-Bill with a maturity of 70 days is quoted as 0.04(Bid) and 0.03 (Ask). What would be investor's actual yield return?
Ans: 3.059%
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International Finance Exchange Rates And Financial Flows In The International Financial System
Authors: Heather D. Gibson
1st Edition
0582218128, 978-0582218123
