In the Global Financial Crisis box in Section 6.1, www.Bloomberg.com reported that the threemonth Treasury bill sold

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In the Global Financial Crisis box in Section 6.1, www.Bloomberg.com reported that the threemonth Treasury bill sold for a price of $100.002556 per $100 face value. What is the yield to maturity of this bond, expressed as an EAR?

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Corporate Finance The Core

ISBN: 9781292158334

4th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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