On Mon Sept 23 (for the usual T+1 settlement), a T-bill maturing Oct 24 is quoted at
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On Mon Sept 23 (for the usual T+1 settlement), a T-bill maturing Oct 24 is quoted at a price of 99.85% of face. What is the bank discount yield?
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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