You paid $98,000 for a $100,000 T-bill maturing in 120 days. If you hold it until maturity,

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You paid $98,000 for a $100,000 T-bill maturing in 120 days. If you hold it until maturity, what is the T-bill yield? What is the T-bill discount?

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Financial Markets and Institutions

ISBN: 978-1337099745

12th edition

Authors: Jeff Madura

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Question Posted: Oct 31, 2017 07:48 AM

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You paid $98,000 for a $100,000 T-bill maturing in 120 days. If you hold it until maturity,

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Tbill yield Y T SP PP PP 365 n Y T 1...View the full answer

Financial Markets and Institutions

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