AT-bill with a face value $10,000 and 120 days to maturity is selling at a bank...
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AT-bill with a face value $10,000 and 120 days to maturity is selling at a bank discount ask yield of 2%. a. What is the price of the bill? b. What is its bond equivalent yield? AT-bill with a face value $10,000 and 120 days to maturity is selling at a bank discount ask yield of 2%. a. What is the price of the bill? b. What is its bond equivalent yield?
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To solve this problem well use the formulas for calculating the price of a bank discount bill and t... View the full answer
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