A $1,000,000 T-bill will mature in 80 days. The current price of this T-bill 98.9955 is per

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A $1,000,000 T-bill will mature in 80 days. The current price of this T-bill 98.9955 is per $100 of face value. Calculate the bank discount yield.

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Corporate Finance

ISBN: 9781265533199

13th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: Dec 12, 2023 12:07 AM

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A $1,000,000 T-bill will mature in 80 days. The current price of this T-bill 98.9955 is per

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The bank discount yield BDY is calculated using the formu... View the full answer

Corporate Finance

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