A Treasury bill purchased in January 2024 has 55 days until maturity and a bank discount yield

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A Treasury bill purchased in January 2024 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?

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Dec 30, 2023 01:37 AM

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A Treasury bill purchased in January 2024 has 55 days until maturity and a bank discount yield

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Fundamentals Of Investments Valuation And Management

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