James, a recent graduate with a specialization in Development Finance has urged his firm not to invest
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Question:
James, a recent graduate with a specialization in Development Finance has urged his firm not to invest its GHS 200,000 in the 91-day treasury bill at the then current rate of 17.43% citing what the annualized bank discount yield, the simple annualized, and finally the market yield or yield to maturity of the treasury would be and for that matter real return on the investment using the fisher’s equation.
Given the above transaction, calculate what those yields are and explain whether you agree with James or not.
Related Book For
Forensic Accounting and Fraud Examination
ISBN: 978-0078136665
2nd edition
Authors: William Hopwood, george young, Jay Leiner
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