On Mon Sept 23 (for the usual T+1 settlement), a T-bill maturing Oct 24 is quoted at

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On Mon Sept 23 (for the usual T+1 settlement), a T-bill maturing Oct 24 is quoted at a price of 99.85% of face. What is the bank discount yield?

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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Posted Date: Feb 28, 2024 12:03 AM

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On Mon Sept 23 (for the usual T+1 settlement), a T-bill maturing Oct 24 is quoted at

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The bank discount yield BDY can be calculated using the following formula BDY frac... View the full answer

Financial Accounting Tools for Business Decision Making

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