An investor buys a face amount $1 million of a six-month (182 days) Treasury bill at a

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An investor buys a face amount $1 million of a six-month (182 days) Treasury bill at a discount yield of 9.25 percent.

What is the cost of purchasing these bills?

Calculate the bond equivalent yield?

Related Book For answer-question

Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Posted Date: Apr 05, 2023 01:13 AM

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An investor buys a face amount $1 million of a six-month (182 days) Treasury bill at a

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Bond Markets Analysis and Strategies

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