Question
You want to purchase an $800,000 T Bill with 200 days to maturity and a BEY (bond equivalent yield) of 2.25%. What is the purchase
You want to purchase an $800,000 T Bill with 200 days to maturity and a BEY (bond equivalent yield) of 2.25%. What is the purchase price of the Bill?
a). $790,257.10
b). $789,459.78
c). $789,402.54
d). $789,101.88
e). $788,025.67
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
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