A 30-day U.S. Treasury bill is selling at a 12 percent yield on a discount basis. Which
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A 30-day U.S. Treasury bill is selling at a 12 percent yield on a discount basis. Which of the following is the approximate bond equivalent yield?
a. 6.0 percent
b. 11.7 percent
c. 12.0 percent
d. 12.3 percent.
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Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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