A K100, 000 Treasury bill currently sells at 95% of its face value and is 65 days from maturity. Calculate the following for the Treasury bill: a. the discount yield. b. the investment yield.
A K100, 000 Treasury bill currently sells at 95% of its face value and is 65 days from maturity. Calculate the following for the Treasury bill: a. the discount yield. b. the investment yield.
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 4P
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A K100, 000 Treasury bill currently sells at 95% of its face value and is 65 days from maturity. Calculate the following for the Treasury bill:
a. the discount yield.
b. the investment yield.
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