A Treasury bill purchased in December 2016 has 55 days until maturity and a bank discount yield
Question:
A Treasury bill purchased in December 2016 has 55 days until maturity and a bank discount yield of 2.48 percent. What is the price of the bill as a percentage of face value? What is the bond equivalent yield?
MaturityMaturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
P 100 1 0248 55 360 99621 of par ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Question Posted:
Students also viewed these Business questions
-
A Treasury bill purchased in December 2015 has 55 days until maturity and a bank discount yield of 2.48 percent. What is the price of the bill as a percentage of face value? What is the bond...
-
A Treasury bill purchased in December 2011 has 61 days until maturity and a bank discount yield of 4.37 percent. What is the price of the bill as a percentage of face value? What is the bond...
-
Calculate the price, and BEY of a treasury bill which matures in 181 days, has a face value of $10,000, and is currently being quoted at a bank discount yield of 2.32%.
-
Repeat Example 13.1, but for electrophilic substitution at C-2 or C-4 of pyridine. Explain why substitution at C-3 (eq. 13.2) is preferred. 4 H
-
Consider the light of multiple candle flames, each of the same brightness. Rank the light that enters your eye from brightest to dimmest for the following situations: a. Three candles seen from a...
-
When a gaseous solute dissolves in water, which step in the dissolving process is essentially skipped? Explain why.
-
Describe the key elements of attribution theory. Provide examples of the fundamental attribution error and self-serving bias occurring in the workplace.
-
(a) If Lola invests $3000 annually into two growth mutual funds, which two types would you recommend and why? (b) Alternatively, if Lola invests $3000 annually into two growth and income funds, which...
-
The rate constant of a reaction is 7.70 x 10-5 L/mol's at 195C and 6.25 x 103 L/mol's at 258C. What is the activation energy of the reaction? Enter your answer in scientific notation.
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
The treasurer of a large corporation wants to invest $20 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 3.15...
-
In Problem 9, What is the bond equivalent yield? Data From Problem 9 How much would you pay for a U.S. Treasury bill with 112 days to maturity quoted at a discount yield of 2.18 percent? Assume a $1...
-
Determine each indefinite integral. Itanh tanh2x dx
-
How would the liability portion of the compound instrument be recorded?
-
A taxpayer's employer provides a car to the employee for business trips and personal travel. The taxpayer keeps a log book and travels 3,000 km for business use and 2,000 km for private use over the...
-
The error is when I test the Peek method in IntelliJ test, it tells Cannot read field "data" because "this.last" is null and Unexpected exception type thrown import resolve it...
-
What action will Bank of Montreal take if it finds that its balance in the Large Value Transfer System (LVTS) at the end of the day is a $25 Million deficit?
-
Given the cashflows for the two projects, use 10% discount rate to determine the salvage value for Alternative 1 that make the two projects equivalent. Hint: solve NPV for Alt 2, make that the NPV...
-
When Martin Feldstein describes the Feds monetary policy as easy, he means that the Fed has created a lot of money, has made money grow at a fast rate, and has pushed interest rates down. Looking at...
-
Assume Eq. 6-14 gives the drag force on a pilot plus ejection seat just after they are ejected from a plane traveling horizontally at 1300 km/h. Assume also that the mass of the seat is equal to the...
-
A convertible bond has an 8 percent coupon, paid semiannually, and will mature in 15 years. If the bond were not convertible, it would be priced to yield 9 percent. The conversion ratio on the bond...
-
What is the yield to maturity of a STRIPS maturing in 10 years with a face value of $10,000 and a price of $5,200?
-
Treasury bills are sold on a discount basis, meaning that the difference between their issue price and their redemption value is: a. The same for all T-bill issues. b. The imputed interest on the...
-
Explore the intricate interplay between the host immune system and microbial pathogens, highlighting the strategies employed by pathogens to evade detection and mount successful infections.
-
1. Write SQL Statements to insert at least three rows of data into each of these above tables. Assume that any surrogate key value will be supplied by the DBMS as described above. 2. Write a SQL...
-
Use " Kickstarter.accdb " Access file to answer the questions. I want to confirm that I did this correctly. I need the following or steps to go about doing them correctly 1. the data type for...
Study smarter with the SolutionInn App