A tresury bill with a face value of 100,000 dollars and 120 days until maturity is selling for 98,500 dollars. What is the Tbill bank discount yield. a. 5.4 percent a year b. 4.5 percent a year c. 45 percent a year
A tresury bill with a face value of 100,000 dollars and 120 days until maturity is selling for 98,500 dollars. What is the Tbill bank discount yield. a. 5.4 percent a year b. 4.5 percent a year c. 45 percent a year
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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A tresury bill with a face value of 100,000 dollars and 120 days until maturity is selling for 98,500 dollars. What is the Tbill bank discount yield.
a. 5.4 percent a year
b. 4.5 percent a year
c. 45 percent a year
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