In June 2010, John pays $9,800 for a one- year T-bill that can be redeemed for $10,000.
Question:
In June 2010, John pays $9,800 for a one- year T-bill that can be redeemed for $10,000. What is the amount of interest earned? What is the yield?
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Maturity value is 10000 minus the discounted pur...View the full answer
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Related Book For 
Financial System Of The Economy Principles Of Money And Banking
ISBN: 9780765622464
5th Edition
Authors: Maureen Burton,Bruce Brown
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