Suppose the price of a treasury bill with 90 days to maturity and a $1 million face value is $ 980,000. What is the yield on a bank discount basis?
Suppose the price of a treasury bill with 90 days to maturity and a $1 million face value is $ 980,000. What is the yield on a bank discount basis?
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 4P
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Suppose the price of a treasury bill with 90 days to maturity and a $1 million face value is $ 980,000. What is the yield on a bank discount basis?
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