The Treasury is selling 9 1 - day T - bills with a face value of $

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Question:

The Treasury is selling

91 -

day T

-

bills with a face value of $

10, 000

for $

8, 800 .

If the investor holds them until maturity calculate the yield

.

Related Book For answer-question

Corporate Finance

ISBN: 9781265533199

13th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: Feb 10, 2024 04:38 AM

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The Treasury is selling 9 1 - day T - bills with a face value of $

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The yield of a Treasury bill can be determined by taking into account its face value purchase price ... View the full answer

Corporate Finance

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