You look in the newspaper and see the following quote for a Treasury Bill:

Bid=0.195 and Asked=0.210.

You can sell the Treasury Bill for $9,997.08. What is the asked yield (i.e. the bond equivalent yield using the asked)? Enter your answer as a percentage and to 4 decimal places (e.g. write 4.25 if the answer is four and a quarter percent).

Answer rating: 100% (QA)

To calculate the asked yield bond equivalent yield we can us... View the full answer