Question
You would like to purchase a T-bill that has a $20,000 face value and is 42 days from maturity. The current price of the T-bill
You would like to purchase a T-bill that has a $20,000 face value and is 42 days from maturity. The current price of the T-bill is $19,274. Calculate the discount yield on this T-bill.(Do not round intermediate calculations. Round your answer to 3 decimal places.(e.g., 32.162))
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
