An investor buys a T-bill with 180 days to maturity and $250,000 par value for $242,000. He

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An investor buys a T-bill with 180 days to maturity and $250,000 par value for $242,000. He plans to sell it after 60 days, and forecasts a selling price of $247,000 at that time. What is the annualized yield based on this expectation?

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Essentials of Investments

ISBN: 978-0077835422

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Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Posted Date: Feb 19, 2024 07:45 AM

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An investor buys a T-bill with 180 days to maturity and $250,000 par value for $242,000. He

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